Max Limit of House Loan Amount..!!
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 December 2009
To All,
I want to know , what is maximum limit of Housing Loan amount coming in under section 80C or other deduction from Income Tax on Salary ,if someone is claiming amount…give below …
1) Principal Component – 76,023.00 (In 80 C)
2) Interest Component - 221096.00 (House/property income or loss (enter loss as negative)
Can you please tell me can I consider this full amount in his exemption….
Tx
Raghwendra Singh
I want to know , what is maximum limit of Housing Loan amount coming in under section 80C or other deduction from Income Tax on Salary ,if someone is claiming amount…give below …
1) Principal Component – 76,023.00 (In 80 C)
2) Interest Component - 221096.00 (House/property income or loss (enter loss as negative)
Can you please tell me can I consider this full amount in his exemption….
Tx
Raghwendra Singh
CMA Ramesh Krishnan
(Expert)
23 December 2009
Principal amount coming under 80C the maximum celling altogether Rs.1 lakhs
But Housing Interest
MaximuM Rs.150000/- for self occupied
& For let out - No Limits
But Housing Interest
MaximuM Rs.150000/- for self occupied
& For let out - No Limits
CA CHINTAN AJMERA
(Expert)
23 December 2009
Agree in 80C 76023 is ok but for interest portion max. 150000 or for let out no limits.
CA Ravi Sisodia
(Expert)
23 December 2009
for self occupied house property - max. interst limit Rs. 1,50,000.
for let out house - no limit for interst.
for let out house - no limit for interst.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Gst credit note by supplier
- Reward for festival
- 18% Rent a cab
- Clarification on GST, TDS, and Accounting Provisions for Import/Export Commission Agents,profes. ser
- Movement of goods by packers and movers - type of sale - Reg.
- Clarification on GST, TDS, and Accounting Provisions for Import/Export
- Missed uploading GST Invoice
- Accounting Treatment of Civil work to install PORTA Cabin for office use
- RCM and same line
- Gratuity paid to legal heir above 20 lakh is taxable or not
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
