Incometax
This query is : Resolved
YAGNESH HASMUKH DAVE
(Querist)
23 June 2016
I AM HAVING SELF OCCUPIED FLAT PURCHASE IN 2005 IT IS SOLD IN APRIL 2016 I HAVE CLEARED HOUSING LOAN ON THAT FLAT INTEREST PAID IS 10LAC AND PRINICIPAL PAID IS 6LAC TOTAL 16LAC IN APRIL 2016 WHETHER I AM ENTILED TO CLAIM DEDUCTION ARISE AGAINST LT GAIN FOR INT PAID AND PRINCIPAL AS ABOVE WHILE FURNISHING MY INCOME TAX RETURN FOR FIN YEAR 2016-17
Rupesh Jain
(Expert)
23 June 2016
you can take the deduction of intt and repayment of loan u/s respective head u/s 24 of intt and loan repayment u/s 80C.
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