Deduction u/s. 8o-c repayment of housing loan

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IS REPAYMENT OF LOAN RAISED ON LET OUT HOUSE PROPERTY ELIGIBLE FOR DEDUCTION U/S. 80C?

Replies (12)

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

Yes,To claim deduction u/s 80C,Ownership is pre-condition,It does not matter whether it is Self Occupied or Let Out..

 

  The principal component of loan amount repaid is eligible us 80c and interest under house property.  
Originally posted by : Shah Tarun

Yes,To claim deduction u/s 80C,Ownership is pre-condition,It does not matter whether it is Self Occupied or Let Out..

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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