Section 80c

The principal repayment of loan taken for repairs of the HP does not qualify for deduction u/s 80C. Deduction is allowed only for the purposes of purchase or construction.
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Further, in case of a self occupied HP, when the loan is taken for repairs, actual interest payable subject to maximum of Rs. 30,000 will be allowed as deduction u/s 24(b).

totally agreed with Deepak

Hello,

If you have taken a home improvement loan for reconstructing or repairing of your property, you are eligible for a deduction under Section 24(b).  However, there is a restriction on the amount—Rs 30,000 per fiscal, irrespective of whether it is self-occupied or you rent it out. In case you are already serving a home loan and are availing of the full tax benefit limit on interest paid, that is, Rs 1.5 lakh, then this additional benefit won't be available to you.