Housing loan examption

Dear Experts.,

We have purchase a new house (Tenement) in the year 2009, and we have borrow / Loan taken 1st time from the HDFC Bank Ltd. Now we planned to build / Fresh construction on Tenement i.e. 2nd Floor. We have already completed First loan. Now want to know If, I have taken a 2nd Loan for construction of 2nd Floor only for Own purpose then how much exemption got in the Income Tax Act under the head " Interest on hosing  loan " as well as Under section 80C.

 

 

Replies (3)

Under sec. 24b ... upto 30000/- for interest


& no deduction over home-loan principal repayment u/s. 80C.

upto 30,000 For Repair & Renovation

Accept with Dhirajlal Sir. 

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
12 October 2026
Finance

I-Genext Consulting Private Limited

New Delhi

CA

View Details
Company
26 September 2026
Chartered Accountant

pushpganga ventures

Pune

CA

View Details
Company
19 October 2026
Accountant

Jari Saree Center

New Delhi

Others

View Details
Company
08 October 2026
SALES TELECALLER

HIRE NOVA

Lucknow

Graduate (Any)

View Details
Company
Featured 03 October 2026
Accountant

A P Lodha and Associates

Jalna

B.Com

View Details
Company
16 October 2026
CA article trainee

Zerdi & Co. Chartered Accountants

Pune

CA Inter

View Details
Company
ARTICLESHIP 07 October 2026
Article Trainee/ CMA Trainee

RMA And Associates LLP

New Delhi

CA Inter

View Details
Company
06 October 2026
Assistant Manager - Audit and Compliance

Ravi K Jain & Co

Noida

Others

View Details