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Income from house property
Mr. R take a loan from housing board to construct the house @ 12%p.a2lakh.interset was due 24000during the previous year. out of which 20000was paid??
Replies (2)
Mr. R can claim deduction u/s 24(b) for Rs. 24000/-
Note: Interest payable to be calculated separately & claimed as deduction every year. Paid/not paid doesn’t matter.
You can clam interest on houseing loan U/s 24(b) up to 200000 & you can clam principle repayment amount u/s 80c up to 150000 rupees sir....
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