Deduction u/s 24(b) & 80c
This query is : Resolved
K D Sharma
(Querist)
23 April 2013
Sir
please tale me about deduction U/s 24(b)in respect of Interest on borrowed capital for housing and principal amount paid U/s 80C during the financial year 2013.2014 AY 2014.15
In other words what are the changes in finance Act 2013 regarding above
Thanks & Regards
K D Sharma
9810752318
kds70@rediffmail.com
please tale me about deduction U/s 24(b)in respect of Interest on borrowed capital for housing and principal amount paid U/s 80C during the financial year 2013.2014 AY 2014.15
In other words what are the changes in finance Act 2013 regarding above
Thanks & Regards
K D Sharma
9810752318
kds70@rediffmail.com
30 June 2013
Interest on borrowed capital up to certain limit is allowed u/s 24(b) whereas 80C is allowed for payment of principal along with other deductions up to 1 lac
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