Housing loan & other ded.

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survesh (Querist)
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19 August 2009 Hi,
Please say can a salaried person take housing loan repayment & Interest deduction for is Income tax return for fy 2009-10.

Please Say which deducation can be taken for Income tax for fy 2009-10

Jitender

Jitender (Expert)
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19 August 2009 both the amount is eligible for deduction u/s 80C & 24(b) respectively.

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Gokul

Gokul (Expert)
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19 August 2009 Survesh,
Slaried person can claim deduction of principal payment of Housing loan U/s 80C

Gokul

Gokul (Expert)
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19 August 2009 u/s 24(b)If the house is used for res. prpose u can claim capital loss under the head of Income from house roperty actual payment of interest or 1.5lac whichever is lover. If the house is given on rent then u can claim Whole amt.