Home loan on house property can take principal exemption

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If you have a home loan on a property that is partly self-occupied and partly rented, you can claim tax exemptions on both the principal and interest components. This applies even to the portion of the property used for self-occupation. You can claim benefits under Section 80C for the principal repayment and also for the interest paid.

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(Querist)
17 July 2020 if home loan taken on partly self occuiped and partly rented property.
Can take exemption on paid principal amount also (80C)? Paid principal amount Rs 202776 and interest paid Rs 37224
Please advice how can take benefit
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Harshit Bangar

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Harshit Bangar (Expert)
17 July 2020 YES, IT CAN BE TAKEN ON PART OF THE HOUSE SELF OCCUPIED BY ASSESSEE.
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VIKAS KUMAR SHARMA

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VIKAS KUMAR SHARMA (Querist)
17 July 2020 both benefit of interest as well principal amount can be taken?
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Harshit Bangar

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Harshit Bangar (Expert)
17 July 2020 yes both benefit of interest and principle and in let out section you can take benefit of interest.
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
05 November 2021 https://www.bankbazaar.com/tax-benefit-on-home-loan.html

https://www.bajajhousingfinance.in/home-loan-tax-benefit
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