How much deduction u/s 80c will be available for the loan taken for repairing/renovation of house

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Originally posted by : rama krishnan
Mr. raja, 200000 limit is for purchased and acquired house properties only and not for loans borrowed for renovations and repairs. pls both of you go through the sections 24(b) and 23(2) thoroughly and educate me also if any of my statement is wtong

 

Yes... I fully agreed.

The Limit Rs. 30k for Renovation and Improvement of HP

Replies (20)
Originally posted by : rama krishnan
Mr. raja, 200000 limit is for purchased and acquired house properties only and not for loans borrowed for renovations and repairs. pls both of you go through the sections 24(b) and 23(2) thoroughly and educate me also if any of my statement is wtong

 

Yes... I fully agreed.

The Limit Rs. 30k for Renovation and Improvement of HP

i agree with Mr. Raja and Rama.

oh.. God... thanks for the clarification... Ms. ruchika and Mr. raja
Originally posted by : rama krishnan
oh.. God... thanks for the clarification... Ms. ruchika and Mr. raja

Welcome Dear...

But., I / We get the Clarification from You...

So,

We will say to You "Thanks for the Clarifications...!!!"yes

thanks Mr. raja and welcome. really we had a healthy discussion

yes :) Indeed.

with every discussion we always learn something.


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