Housing loan interest and principal repayments

Tax planning 408 views 5 replies
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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!!!

 

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On 30 December 2017 at 22:45 Report
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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
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On 31 December 2017 at 00:09
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student
112 Points Joined March 2017
interest on housing loan is deductible on accrual basis not payment basis
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On 31 December 2017 at 00:10
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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???

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On 31 December 2017 at 06:59
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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
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On 31 December 2017 at 08:48
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6 Points Joined December 2017
You can get deduction of interest in FY 2017-18
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On 31 December 2017 at 10:11


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