Housing loan interest and principal repayments

642 views
User Avatar

Ariticle
73 Points Posted on 30 December 2017

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 Topic
On 30 December 2017 at 22:45 Report
Replies (5)
User Avatar

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

Ariticle
73 Points Posted on 31 December 2017

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
58 Points Posted on 31 December 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

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

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. GSTR-9 Table 8A Portal and Excel Issues
  2. IGST on Commercial Rental Income (Different State)
  3. Revocation of suo moto cancelled GST registration
  4. Is there any faculty taking chapterwise test in CA
  5. Late Fees and Interest
  6. HDFC Bank’s Bureaucracy: The Nightmare of Fl
  7. Running a CSC Center, Maha E-Seva Kendra, Setu Ken
  8. GSTR-9 Table 8A issue
  9. CA Inter Coaching institutes at Hyderabad
  10. Looking for practising CA

More recent discussions | Post

Related Topics :

Loading

Latest Job Openings

View all
Company
12 October 2026
Finance

I-Genext Consulting Private Limited

New Delhi

CA

View Details
Company
21 October 2026
CA INTER/ BCOM WITH EXPERIENCE

CA S KUMAR GUPTA & CO

Amritsar

CA Inter

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

Ravi K Jain & Co

Noida

Others

View Details
Company
Featured ARTICLESHIP 06 October 2026
Semi Qualified

AJAY SINGH AND CO LLP

Thane

CA Final

View Details
Company
14 October 2026
Accountant

Rize.farm

Bengaluru

B.Com

View Details
Company
08 October 2026
Account Executive

Elite Taxation

New Delhi

CA Foundation

View Details
Company
15 October 2026
Senior Accountant

Continental Belting Pvt Ltd

Mumbai

B.Com

View Details
Company
30 September 2026
Senior Accounts Executive

Codeboard Technology

Chennai

MBA

View Details