IS REPAYMENT OF LOAN RAISED ON LET OUT HOUSE PROPERTY ELIGIBLE FOR DEDUCTION U/S. 80C?
IS REPAYMENT OF LOAN RAISED ON LET OUT HOUSE PROPERTY ELIGIBLE FOR DEDUCTION U/S. 80C?
Yes the Principal Component of loan is eligible for deduction.
yes, u can claim the deduction u/s 80c
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| The principal component of loan amount repaid is eligible us 80c and interest under house property. |
| Originally posted by : Shah Tarun | ||
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Yes,To claim deduction u/s 80C,Ownership is pre-condition,It does not matter whether it is Self Occupied or Let Out.. |
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Yes you can claim deduction u/s 80c for the principal amt. of loan.
Yes the Principal Component of loan can be claimed as deduction..![]()
Hi,
I wanted to know I'm filing the ITR 1 for myself. I've taken a home loan where do i put in the repayment & the interest component as the form doesnt give Sec 24. What should i do. In 80C i'm putting my LIC premium, ULIP,PF & Repayment of principal component of my homeloan.
What about the interest component how should i put it in the form??
yes , principal amount repaid can be claim upto Rs.1 lakh u/s 80 C and interest in case of let out can be claimed to any amount ( limit of Rs. 1.5 lakh ) is not applicable .
payment of interest can be claimed in column of house property by entering amount with minus sign
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