Housing loan & other ded.
This query is : Resolved
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
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
19 August 2009
both the amount is eligible for deduction u/s 80C & 24(b) respectively.
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19 August 2009
Survesh,
Slaried person can claim deduction of principal payment of Housing loan U/s 80C
Slaried person can claim deduction of principal payment of Housing loan U/s 80C
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.
20 August 2009
agree
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