Housing loan
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
30 July 2013
Sir,
Housing Loan taken from a co-operative society is eligible for claiming interest under section 24 and repayment of instalments under section 80C. Please clarify as soon as possible.
Housing Loan taken from a co-operative society is eligible for claiming interest under section 24 and repayment of instalments under section 80C. Please clarify as soon as possible.
30 July 2013
Such interest is eligible u/s 24(b) of the Income tax Act,1961.
But principal repayment is not eligible for deduction u/s 80C(2)(xviii) of the said act.
But principal repayment is not eligible for deduction u/s 80C(2)(xviii) of the said act.
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