Deduction of interest payment and principle payment of housing loan

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8 Points Posted on 20 January 2020
i have one house property I want to purchase another one by taking a loan can i claim deduction of interest and principle amount?
instead of having one house property
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On 20 January 2020 at 23:11 Report
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Yes, you can claim deductions on both the interest and principal components of your housing loan, even if you already own a property. The principal repayment is deductible up to £1.5 lakh under Section 80C, while the interest paid can be claimed under Section 24B, typically up to £2 lakh.

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12244 Points Posted on 21 January 2020
Yes you can... there's no bar
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On 21 January 2020 at 01:08
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"Do the Right Thing...!!!"
128162 Points Posted on 21 January 2020
Yes... You can claim deduction in ITR for interest and principle...
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On 21 January 2020 at 05:58
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18 Points Posted on 21 January 2020
Yes u can claim deduction in itr interest amount in house property income and principle amount in 80c
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On 21 January 2020 at 11:43
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363 Points Posted on 21 January 2020
Very write
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On 21 January 2020 at 17:55
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6665 Points Posted on 23 January 2020

 

Yes, you can claim the deduction of principal repayment up to Rs. 1.5 lakhs under section 80C and deduction of interest under section 24B upto Rs. 2 lakhs if you have already own one house.

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On 23 January 2020 at 16:30

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