HOUSE LOAN
This query is : Resolved
14 May 2011
what Income Tax Act says about payment of Principal Amount and Interest amount on House Loan.
Regards
Regards
14 May 2011
I think u talking about deduction:
1. Principal Repayment will claimed u/s 80 C
deduction will not be for those expenditure of which deduction allowable u/s 24
2. Payment of Interest portion will be claimed under Head of Income of House Property.
1. Principal Repayment will claimed u/s 80 C
deduction will not be for those expenditure of which deduction allowable u/s 24
2. Payment of Interest portion will be claimed under Head of Income of House Property.
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