Query about deduction
This query is : Resolved
09 January 2015
Res.Expert, *My Hsg.loan principal-102316 & intt. is-212684,how much deduction would be consider respectively. *My 80 C amt. 172416, how much deduction would be consider. *My income from all head of salary is 511884/-would I get 2000/- IT exemption.
09 January 2015
firstly you havent said whther the property is let out or self occupied.
U/s 80C 102,316 is allowed as deduction.
u/s 24(b) only upto Rs 2 lakhs is allowed if the property is self occupied.
No Sec 87A rebate of 2,000 is will not be allowed as total income exceeds rs 2,000
U/s 80C 102,316 is allowed as deduction.
u/s 24(b) only upto Rs 2 lakhs is allowed if the property is self occupied.
No Sec 87A rebate of 2,000 is will not be allowed as total income exceeds rs 2,000
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