Housing loan
This query is : Resolved
28 May 2017
How the sec 24, 80C& 80EE are different each other? How they are treated in IT act?
Who can claim ded. u|s 80EE? ; only person buying first time? If me (unmarried) and my unmarried brother buy or construct a new house separately, do me and my bro both get ded. separately?
Do our marriage does any thing\ differs with this treatment???
Who can claim ded. u|s 80EE? ; only person buying first time? If me (unmarried) and my unmarried brother buy or construct a new house separately, do me and my bro both get ded. separately?
Do our marriage does any thing\ differs with this treatment???
29 May 2017
Sec 24 is for deduction if interest on loan while calculate incime from head House property.
Repayment of housing loan(principal amt) is eligible for deduction u/s 80C from Gross Total Income(total of income of all head)
Any interest remain unclaimed u/s 24 is allowed u/s 80EE subject to conditions maximum upto Rs 50000/-.
Repayment of housing loan(principal amt) is eligible for deduction u/s 80C from Gross Total Income(total of income of all head)
Any interest remain unclaimed u/s 24 is allowed u/s 80EE subject to conditions maximum upto Rs 50000/-.
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