Chartered accountant - Plintron
186 Points
Joined November 2015
Interest repayment shall be claimed as a deduction under section 24 of Income tax act under Income from house property. However, the limit is Rs. 30,000/- Per annum i.e you can claim deduction of Rs. 30,000 for 1 financial year starting from April - March.
With respect to Prinicipal payment, as per my knowledge you cannot claim any deductions on the repayment.