Deduction u/s 24(b) & 80c

This query is : Resolved

K D Sharma (Querist)
Follow

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

C A S.S.Agarwal, M.Com.,LL.B,

C A S.S.Agarwal, M.Com.,LL.B, (Expert)
Follow

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

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok