Housing loan examption

215 views 3 replies

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
ARTICLESHIP 09 June 2026
Article Trainee

Numbertree LLP

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 27 June 2026
CA Articled Trainee And Paid Assistant

SKAA & Associates

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 20 June 2026
Articleship

RB KESHRI & CO

Mumbai

B.Com

View Details
Company
ARTICLESHIP 24 June 2026
ARTICLE ASSISTANT

BHUPINDER SHAH AND COMPANY

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 08 June 2026
Internal & Taxation Article

O P Bagla & Co LLP

New Delhi

CA Inter

View Details
Company
12 June 2026
Accounts & Taxation Executive

Winshine Financial Services

Mumbai

CA Inter

View Details
Company
24 June 2026
Chartered Accountant

CA Darshita Shah & Co

Nadiad

CA

View Details
Company
ARTICLESHIP 24 June 2026
CA Article Trainee

Rahul Dang & Associates

Pune

CA Inter

View Details