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TREATMENT OF HOME LOAN

This query is : Resolved 
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(Querist)
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
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DEEP SINGH TOMAR

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DEEP SINGH TOMAR (Expert)
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
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Pragnesh

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Pragnesh (Expert)
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
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surender negi

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surender negi (Querist)
28 June 2011 so both are claimable in it
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DEEP SINGH TOMAR

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DEEP SINGH TOMAR (Expert)
28 June 2011 Yes, both are claim
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Pragnesh

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Pragnesh (Expert)
28 June 2011 yes both amount can be claim
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DEEP SINGH TOMAR

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DEEP SINGH TOMAR (Expert)
28 June 2011 yes both amount can claim
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