hi sir
I am a salary employee .
I taken housing loan and constructed its self accufied house.
how is deduct my housing loan interest amount
example:
principle amount RS. 1500000
interest rs. 150000
how much amount I can claim this financial year?
I can claim which section?
thanks
R.Suvitha
Menu
interest on housing loan
Replies (3)
Under sec. 24(b) of IT act, you can claim upto 2 lakhs, so full interest deduction will be available to you.
Give these details to your employer.
dear sir,
is available principal amount deduction?
is available principal amount deduction?
Yes. Principal amount repaid (as per loan repayment statement issued by banker) is available for deduction u/s. 80C.
Refer::: tax-benefit-on-home-loan-interest
Recent Topic
- Proprietor have 2 business. One is registered unde
- ITR-4 – Gross Receipts or Turnover for Secti
- Unrelated entries in AIS and Form 26as
- Payment to foreign national
- Internal reconstuction
- IDS Refund – Annexure B & GSTR-3B Match,
- Can i should STCG and LTCG as business income ?
- Capital contribution in Firm
- Form 3CD – Clause 20(b) | ESI Contribution &
- Capital Gains on Dissolution of Partnership
Related Topics
CAclubindia
