Housing loan for repairs
This query is : Resolved
05 December 2011
I have taken Housing loan for reparing purpose. Pls let me know whether I can valim both principal & interst amount. What is the limit for interest. pls guide
05 December 2011
you can take maximum deduction for interest on loan for repair... Rs. 30000 and can take principal amount deduction in 80C
05 December 2011
Section 80C (2) (xviii) can't be claimed for loan taken for repair purposes.
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