File itr
Querist : Anonymous
Mr. A has income from salary only,On that TDS also deducted. He take lone from Bank to purchase a house and paying monthly instalments. following are the EMI payment.
Paid from April 2012 to March 2013
Total: 161505/- In that`Principal 3699/- `Interest Component: 165204/-.
My query is that can I take principal component is Deduction U/s 80C and Interest component is deduction under 24(b). Can I take both. More over he has only one house property.
in self occupied house you can claim intt. deduction u./s 24 up to 150000/-
and principal upto Rs. 1000000/- u/s 80C
on let out case all intt. w/o limit you can claim.
Querist : Anonymous
take 150000 if it not given on rent
other wise, take entire amount as deduction u/s24
as far as principle is concern, in your case intire 3699 is allowed u/s 80c subject to overall limit of 100000.
Click here to login now
Similar Resolved Queries
- Refund Annexure-B
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- Sale of Equity shares for Purchase of Residential Property
- Liable to deduct tds and 44ADA
- TDS PROCEDURE ON SALE OF IMMOVABLE PROPERTY BY NRI
- Gstr7 vs Gstr3b 2026
- Gst return - cess
- Subscription paid to foreign customer
- Is Interest applicable for payment made through credit ledger vide DRC03 for FY 2020-21 & 2021-22
- CCFS 2026 Schemed
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
