Housing loan interest & long term infrastructure bonds
This query is : Resolved
Rajesh Chopra
(Querist)
16 November 2014
Sir I am a co owner (50%) in a self occupied flat alongwith my husband and have bought this flat by taking housing loan.
Pls advise under which section of income tax can I claim exemption for interest payment and upto what limit.
also advise if exemption in long term infrastructure bonds is still available in addition to exemptions under sec 80C.
Thanks
Jyoti
Pls advise under which section of income tax can I claim exemption for interest payment and upto what limit.
also advise if exemption in long term infrastructure bonds is still available in addition to exemptions under sec 80C.
Thanks
Jyoti
Nikhil Kaushik
(Expert)
16 November 2014
deduction for interest is available under section 24(b).
the 80CCF deduction for long term infra bonds is no more available. However, certain long term bonds are still covered in 80c
the 80CCF deduction for long term infra bonds is no more available. However, certain long term bonds are still covered in 80c
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Nursery business
- Tax on Amount transferred in HUF Account
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- TDS on Dashcam rent and allied services
- ETDS return q4 25-26
- Section 269ST applicability for capital introduced by partner to his partnership firm
- Intimation under section 245
- HOW TO ADJUST CREDIT NOTE AMOUNT ?
- Import Order Cancelled.
- Working on Gold wastage during Melting of old gold jewellery
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
