Full and Final amount paid on House property
This query is : Resolved
26 December 2019
Hello,
I have owned property and availed the loan during 2017, for this Ay 2019-20 during Jul-19 i have cleared all my loan amount. here my query is :
1. how much should i take repayment of house loan for 80C ? is that the amount which is fully paid say 10lakhs for 80 C?
2. i can see the interest amount inthe certificate, that i can directly deduct
My question is for #1 only.
Thanks,
I have owned property and availed the loan during 2017, for this Ay 2019-20 during Jul-19 i have cleared all my loan amount. here my query is :
1. how much should i take repayment of house loan for 80C ? is that the amount which is fully paid say 10lakhs for 80 C?
2. i can see the interest amount inthe certificate, that i can directly deduct
My question is for #1 only.
Thanks,
27 December 2019
Principal repayment of Housing Loan is deductible under 80C, maximum cap of which is Rs.150000/- p.a.
Interest repayment of Housing Loan is Deductible under 24
Interest repayment of Housing Loan is Deductible under 24
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