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House property

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Querist : Anonymous

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Querist : Anonymous (Querist)
28 June 2012 A housing loan is taken from HDFC after 31/03/1999
During FY 11-12 Rs.158556/- is repaid (Rs.112365/- principal and 46191/- interest)
Please state the Tax-Deduction available.
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
28 June 2012 1. Rs. 46,191 is available as deduction u/s 24 while computing Income from House Property.

2. Rs. 1,12,365 is available as deduction u/s 80C subject to a maximum of Rs. 1 lakh.
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