House repairing loan from a credit co op society
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
14 February 2015
Please guide me about income tax treatment u/s 80C & 24 for a government employee who opted house repairing loan from his co op society.
Interest paid 34000 & principal paid 52000.
Interest paid 34000 & principal paid 52000.
14 February 2015
1. 24(b) can be claimed.
2. 80C cannot be claimed because eligibility is for PURCHASE or CONSTRUCTION of a residential house.
2. 80C cannot be claimed because eligibility is for PURCHASE or CONSTRUCTION of a residential house.
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Rupesh Jain
(Expert)
14 February 2015
you can claim intt u/s 24(b) for repair up tors.30000/-
u/s 80c available for purchase and construction of residential house
u/s 80c available for purchase and construction of residential house
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