HOUSING LOAN PRINCPLE AMOUNT

Pricipal repayment is allowable deuction under section 80 C which has a limit of Rs 1 lac presently.

So, one can take the deduction on housing loan principal repayment max upto 1 lac only.

For intreset repayment, u can refer section 24 b of Income Tax Act.

YES U CAN TAKE 1lAKH PRINCIPLE PAYMENT OF HOUSING LOAN UNDER SEC 80C

NO PROB.

The maximum amount of exemption for housing loan is Rs. 1 lakh. This exemption forms part of 80C so the overall milit of 80C is a limit for housing loan principal also. Hope in next month's budget 80C limit is increased!

thanx dear all member this infomation is very ues full

Yes, upto Rs.1 lacs you can claim deduction of housing loan principle u/s 80C

UPTO 1 LAK U CAN CLIAM.

Yes, Rs.1,00,000 is allowed u/s 80 C and Interest on Loan is allowed under House Property Income.

ya u can take up to rs 1 lac