Interest and principal repayment deduction under section 80c
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
01 June 2015
One of my client has repaid Rs.245631 as interest on housing loan and Rs.81321 towards principal.
Now, i am claiming Rs.200000 as deduction u/s 24b and rest Rs.45631 remains. Can i claim the same as deduction u/s 80C along with Principal repayment of Rs.81321
Thanking you
Now, i am claiming Rs.200000 as deduction u/s 24b and rest Rs.45631 remains. Can i claim the same as deduction u/s 80C along with Principal repayment of Rs.81321
Thanking you
01 June 2015
No it is not possible interest payments are covered by section 24of income tax act and house vlian repayment is covered us 80 c of income tax act.
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