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.
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Bank Home Loan Interest
Replies (3)
30,000
filled ITR 1 show interest amount in IAB nrerest on borrowed capital max. limit is rs 200000 for f.y. 2018-19
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.
in other cases 30000 ( maximum) will be allowed as deduction.
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