Bank Home Loan Interest

204 views 3 replies

Open Singh

97 Points Joined January 2018

Sir,
SBI Home loan interest certificate for FY 2018-19 for Rs 60,000/-. loan was taken in last FY 2017-18. where I have to fill this amount in ITR -1 return to get exemption and what is the maximum limit.

Replies (3)

Pallav jha

None

170 Points Joined March 2012

30,000

RAKESH UPADHYAY

SR.CLEARK

147 Points Joined October 2013

filled ITR 1 show interest amount in IAB nrerest on borrowed capital max. limit is rs 200000 for f.y. 2018-19

Pallav jha

None

170 Points Joined March 2012

if u have completed the construction /within 5 year of taking loan then upto 200000 interest will be exempted.
in other cases 30000 ( maximum) will be allowed as deduction.