SECTION 24
RAJIB BHATTACHARJEE (82 Points)
25 July 2017
CAN I SHOW HOUSE BUILDING LOAN IN ITR 1 OR NOT
6 Replies
Poltu Ghosh
(Job)
(1865 Points)
Replied 25 July 2017
The principal amount can be claimed as deduction u/s 80C. The interest on home loan as negative income from house peoperty
CA Rashmi Gandhi
(Chartered Accountant)
(86495 Points)
Replied 25 July 2017
Totally correct Poltu Ghosh.
Sandeep Sharma
(Accounts executive)
(552 Points)
Replied 25 July 2017
Interest on home loan can be exempted up to 2 lakh under section 24
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