hi
i repaid the housing loan Principal amount Repayment of 50,000 and interest of 10,000 in the financial year 2011-12 .i am owner of this house for last 15 years.
plz help me how much amount can i claim u/s 80c for the f.y 2011-12
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Housing loan principal amount repayment limit
Replies (12)
Upto Rs. 100000/- including LIC Premium, PPF, investments in bonds, etc.
Mr. Balaji,
The principal amount can be claimed as deduction u/s 80C upto Rs.1,00,000/-. In your case Rs.50,000/- can be claimed.
Interest component cant be claimed u/s 80C. it can be deducted u/s 24 (b) upto Rs.1,50,000/-. You can claim Rs.10,000/- under sec. 24 (b).
Members, Please correct me if I’m wrong.
Agree wih Ketan bhai.....................
Totally agreee with Mr. Ketan..............
I agreee with Mr. Ketan..............
agar housing loan joint name se hai to 80c main both 1-1lac ka claim kar sakte hai. aur 24b ke liye both 1.50-1.50 lacs ke liye claim kar sakte hai.lekin house loan ka repayment joint karna pareda.
Hello friends
Click https://www.naveenchandkhulve.com/tax-benefits-on-loans-for-house-property/ to know detailed prvosion regarding housing loan repayment deduction.
Regards
Naveen
| Originally posted by : Ketan Waghela | ||
 |
ketan if house s self occupied den in sec 24(b)..max amt of intt dat can be claimed is rs 30000.. |
|
THANKS TO NAVIN FOR WEB PAGE
Agree with kethan
Its my pleasure Lalit Kumar G
ketan sirji you are right
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