Housing loan tax rebate

This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
11 December 2014 DEAR

PLEASE TELL ME IN DETAIL ABOUT TAX BENEFIT ON HOUSING LOAN

WHAT AMOUNT CA WE CLAIM FOR TAX REBATE
IN BOTH (PRINCIPLE + INTEREST)

AND FOR HOW MANY YEARS WE CAN CLAIM HOUSING LOAN TAX BENEFIT

11 December 2014 Housing loan deduction is

Principal under section.80C maximum of Rs.1 lakh

Interest portion is Rs.1.50 lakhs in case house is self occupied and actual interest amount incase let out property u/s.24(b)

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
12 December 2014 Thax sir

pleaee tell me for how long can we avail this rebate
i.e., is this rebate can be availed only for first year or also thereafter

12 December 2014 you can avail this rebates till the closure of your housing loan.

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
12 December 2014 ok thx sir this was a great help


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries



CCI Pro
Meet our CAclubindia PRO Members

Follow us
add to google news



Answer Query



Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details
Company
Featured 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Article Trainee

N N V Satish&co

Hyderabad

CA Inter

View Details