Home loan tax exemption

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14 Points Posted on 06 February 2020
dear Sir
details of 2020 of budget
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On 06 February 2020 at 22:29 Report
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Quick Summary
The 2020 budget introduced two tax regimes, impacting home loan tax exemptions. Under the new regime, while you can claim deductions for home loan interest under Section 24(b), you cannot offset losses from house property against other income. However, these losses can be carried forward to be set off against future house property income.

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17269 Points Posted on 07 February 2020
There are two taxation regimes as per 2020 budget.

Under new tax regime you do not get home loan (SOP) tax deduction under 24(b)
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On 07 February 2020 at 00:56
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student
39 Points Posted on 07 February 2020
In new tax regime you can take deduction of interest on housing loan u/s 24(b) but you can not set off loss from HP from any other head
you can carry forward that loss and if in future you have any income from HP then you can sett of your b/f loss against it
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On 07 February 2020 at 12:43

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