Sec.24b/ 80c

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Gokul Kumar (Querist)
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21 July 2016 Is principal portion of home loan is deductible under 80c, if the house property is a let out property?

ALKESH T MEHTA (Expert)
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21 July 2016 Yes.But income from let-out property is to be shown as income from house property.

Gokul Kumar (Querist)
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21 July 2016 Thank you sir. Actually house property computation shows a loss. Still a dispute came in the office, that's why I asked the query.

Gokul Kumar (Querist)
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21 July 2016 Thank you sir. Actually house property computation shows a loss. Still a dispute came in the office, that's why I asked the query.

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