Dear Sir
I have one house and have only rented property income. I am not staying in that house.
I am paying emi for the loan taken for construction of that house.
My question is whether i can claim benefit of 80 c while payment of emi as its principal part. Please remember my house was given on rent as it was constructed
Thanks in advance
Ram Lakhan
Yes you can very well claim 80 c deduction in case of rented property also. And interest amt payable can be claimed under income from house property u/s 24(b)
Copy Rinkal ... Yes you can
Agreed with all above. Deduction u/s 80C and interest u/s 24b can be claimed in respect of such property.
@ Rinkal: "Copy Rinkal" meant "Same as what Rinkal said" :)
yes u can calim deduction u/s 80c for the instament payment though it was let out. moreover u can also claim deduction u/s 24 for the interest component
CAclubindia
