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Interest on home loan
is the interest on home loan is deductible in new tax slab for ay 2020-21
Replies (5)
Quick Summary
Cant Claim neither under Chapter VIA nor under Sec 24
Intt on home is deducted in house property income. can't be deducted separately. claim any income under HP and take deduction of intt
From let out property only it can be deducted otherwise from self occupied property it can't be.
No it be deductible against both
rental n self occupied.
but the limit for self occupied is upto 2 lakh and for rental is unlimited
rental n self occupied.
but the limit for self occupied is upto 2 lakh and for rental is unlimited
Of you have opt for new tax regime then as per section 115BAC you are not allowed to take deduction of section 24(b) i.e. interest paid
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