Can a assesse claim deduction for interest on housing & principal only once (.e. for one house only) in his lifetime.
For example if a person takes a loan for purchase of house & takes the benefit of deduction for interest & principal repayment(u/s 80C). Now after repayment of the 1st loan if he buys a 2nd house & takes one more home loan will he be able to avail the benefits for interest & principal repayment
Yes he can claim deduction of both interest and principal.
Yes he can claim deduction of both intt. and principal...........
HKC | Chartered Accountants & Business Advisors
Ludhiana
CA
View Details
S.B.G. & CO. CHARTERED ACCOUNTANTS
New Delhi
CA Inter
View Details
CCI
Pro
CAclubindia
