Housing loanquerry
This query is : Resolved
Ashok patel
(Querist)
24 February 2016
l have housing loan .Bank has given payment certificate of rs 144000 which includes int amount rs85000. please explain it benifit
Ganeshbabu K
(Expert)
24 February 2016
Interest paid is claimed as per deduction u/s 24b and principal amount paid on repayment of house loan eligible for 80C
25 February 2016
1. Interest amount Rs. 85,000 can be claimed as a deduction u/s 24(b).
2, Principal repaid Rs 59,000 ( 1,44,000 - 85,000) can be claimed as deduction u/s 80C.
2, Principal repaid Rs 59,000 ( 1,44,000 - 85,000) can be claimed as deduction u/s 80C.
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