Hi Sir/Madam,
we availed two housing loan in 2016-17
can we claim on loan of 35,00000 and
4,00,000 ( two loans on purchase of house )
can we claim :
1.Intrest on House loan - 2,00,000
2.principle repayment of home loan under 80C- 50000Rs
3.Intrest on Home loan Availed in 2016-17-50,000Rs.under 80EE
please share valuable inputs
thanks
can we claim these three
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Housing Loan Tax
Replies (4)
1. Yes you can claim u/s 24
2. Yes but subject to overall limit of 150000 u/s80C
3. 80EE The loan amount should not exceed 35 lakh, no other house during the time of loan sanctions and the property value should not exceed 50 lakh.
2. Yes but subject to overall limit of 150000 u/s80C
3. 80EE The loan amount should not exceed 35 lakh, no other house during the time of loan sanctions and the property value should not exceed 50 lakh.
thanks Sir , actual loan is 37,30,000 and other loan is 4,00,000 two loans were taken for same house purchase .
on 1 St loan we can't claim 50000 under 80EE can we claim 50000 on second loan of 400000 under 80EE
on 1 St loan we can't claim 50000 under 80EE can we claim 50000 on second loan of 400000 under 80EE
Yes you can. but only the interest part
for clarification , so I can avail I interest part of 32,000 + on my loan of 4,00,000
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