TREATMENT OF HOME LOAN
This query is : Resolved
27 June 2011
HELLO,
I HAVE ONE FRND THOSE TAKE HOME LOAN IN FY 10-11 FOR 16 YRS PLS HELP WHICH IS TREATMENT OF THIS LOAN IN IT RETURN
I HAVE ONE FRND THOSE TAKE HOME LOAN IN FY 10-11 FOR 16 YRS PLS HELP WHICH IS TREATMENT OF THIS LOAN IN IT RETURN
27 June 2011
Hello friend
treatment of home loan
Income from House property show nagative balance ( self occupied )Interest Part under 24(b)& principal amount under 80C of Income tax Act,1961
treatment of home loan
Income from House property show nagative balance ( self occupied )Interest Part under 24(b)& principal amount under 80C of Income tax Act,1961
27 June 2011
The Maximum limit for deduction of interest part u/s. 24(b) is Rs.150000/- and principal repayment u/s. 80C is Rs.100000/- as per income tax act, 1961
28 June 2011
so both are claimable in it
28 June 2011
Yes, both are claim
28 June 2011
yes both amount can claim
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