Dear All,
Loan taken from bank which is exempted under income tax, my query is under which chepter or section we can show this exemption at the time of preparation of form 16?
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Loan taken from bank under form 16
Replies (3)
can you please elaborate your question.......
what do you mean by loans taken from bank are exempt????????
loan taken from bank and paying installment yearly, which should be exempted in income tax.
under section 80c - principal repayment of housing loan
and u/s 24 - interest paid on housing loan can be claimed as deduction
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