Ome loan matter
This query is : Resolved
Guest
Guest
(Querist)
07 February 2013
GOOD EVENING SIR,
I TAKE A HOME LOAN AMOUNT OF 12 LAKH.AND MY PER MONTH EMI IS 12 THOUSAND WITH INTEREST(9000+3000=12000).THAN SIR CAN I TEKE DEDUCTION OF INTEREST U/S 24 AND DEDUCTION OF PRINCIPAL AMOUNT U/S 80C IN HOME LOAN.WHILE I AM ALREADY LIVE IN THIS HOUSE.
I TAKE A HOME LOAN AMOUNT OF 12 LAKH.AND MY PER MONTH EMI IS 12 THOUSAND WITH INTEREST(9000+3000=12000).THAN SIR CAN I TEKE DEDUCTION OF INTEREST U/S 24 AND DEDUCTION OF PRINCIPAL AMOUNT U/S 80C IN HOME LOAN.WHILE I AM ALREADY LIVE IN THIS HOUSE.
07 February 2013
yes.
Deduction can be claimed u/s 24 towards interest for one self occupied house property upto Rs. 150000
simultaneously u can claim deduction u/s 80C towards repayment of principal upto rs. 100000 (inclusive of other investment prescribed u/s 80 C
Deduction can be claimed u/s 24 towards interest for one self occupied house property upto Rs. 150000
simultaneously u can claim deduction u/s 80C towards repayment of principal upto rs. 100000 (inclusive of other investment prescribed u/s 80 C
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Guest
Guest
(Querist)
07 February 2013
THANKS FOR REPLY SIR CAN YOU TOLD ME THAT ANY CONDITION ABOUT THIS TO GET HOME LOAN PRINCIPAM AMOUNT DEDUCTION
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