Income from salary
This query is : Resolved
20 January 2014
Dear Sir,
if a person taken a houseing loan and vehicle loan from bank, he is eligible for deductions from income tax.
Thanking You
Kumar
if a person taken a houseing loan and vehicle loan from bank, he is eligible for deductions from income tax.
Thanking You
Kumar
Nikhil Kaushik
(Expert)
20 January 2014
yes..eligibile for deduction for principal repayment to the bank under 80C, interest repayment (subject to conditions) upto Rs 1 lakh cumulative for AY 2014-15 and 2015-16 and interest deduction under 24b.
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20 January 2014
Agree with expert,
But he can not claim any benefit with respect to vehicle loan.
Thanks
But he can not claim any benefit with respect to vehicle loan.
Thanks
Message likes :
1 times
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