I have availed housing loan and constructed the house and self occupied. Now I have availed mortgage loan on this house property for children's education purpose. Can I avail the Interest and Principal exemption from Income Tax under Section 24 and Section 80c respectively ?
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Is interest and prinicipal on mortgage loan exempt from income tax
Replies (1)
housing loan principal .....U/s 80c up to 1.5lac only
housing loan intrst....u/s 24(if self occupied only 2lac)
for mortgage loan u can avail any deduction....
if u hav taken education loan then interest can b claimed u/s 80e
housing loan intrst....u/s 24(if self occupied only 2lac)
for mortgage loan u can avail any deduction....
if u hav taken education loan then interest can b claimed u/s 80e
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