banner_ad

Housing loan interest and principal repayments

Tax planning 546 views 5 replies
User Avatar

Ariticle
101 Points Joined February 2015

hello...

for FY 2017-18/  AY 2018-19

am having stamp duty upto 3.5L to claim deduction under 80C and also Repayments of principal and interest of housing property

my question is whether can i can carry forward  repayment of prinipal/interest to next year..?

construction got completed and  occupied in FY 2017-18

Thanking You!!!

 

0 Reply Share Follow
On 30 December 2017 at 22:45 Report
Replies (5)
User Avatar

student
112 Points Joined March 2017
interest is deductible u/s 24(b)
If self occupied Rs 2 lakh
if let out Unlimited
repayment of housing loan u/s 80c
Max Rs 1,50,000
Reply
On 31 December 2017 at 00:09
User Avatar

student
112 Points Joined March 2017
interest on housing loan is deductible on accrual basis not payment basis
Reply
On 31 December 2017 at 00:10
User Avatar

Ariticle
101 Points Joined February 2015

thanks for your reply

my questions is not about limits..

can i carry forward the balance amount to next year???

Reply
On 31 December 2017 at 06:59
User Avatar

student
112 Points Joined March 2017
if u have loss under the head income from house property u can c/f the loss up-to 8 years
you can set off such loss against any head of income.
hope I could answer ur query
thank u
1 Reply
On 31 December 2017 at 08:48
User Avatar

6 Points Joined December 2017
You can get deduction of interest in FY 2017-18
Reply
On 31 December 2017 at 10:11

Summarize this with AI
ChatGPT Perplexity Claude Google AI Grok

CCI Pro

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Threads

More recent discussions | Post

Related Threads
Loading

Latest Job Openings

View all
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details