Deduction u/s 80 c & 24
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 May 2013
My client has taken a housing loan. Please tell me the benefits available to him u/s 80 C & 24 on interest & principal both.
20 May 2013
principal amount paid through EMI will get exempted in 80C subject to limited of Rs 1 lac.
and interest paid through EMI get exemption u/s 24 subject to limited of Rs 1.5 lac.
But the house property should not in construction period. it should be complete.
and interest paid through EMI get exemption u/s 24 subject to limited of Rs 1.5 lac.
But the house property should not in construction period. it should be complete.
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