80 c claim

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

08 July 2013 Sir,

I have purchase the New House for August 2012. i got loan for bank Rs.14 lahks, The EMI was Rs. 14250 Now , i file the income tax for Asst.Year 2013-14. I have some confussion,To claim U/s 80 C The housing loan EMI amount ie. Rs. 14250* 7 months or Housing loan interest paid amount which i take to claim under sec 80 C.

I claim full EMI Amount or

Only Interest paid amount.. for housing loan.

Thank u..

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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08 July 2013 Collect the certificate from the bankers. n that clearly mentioned the principal & interest amount. principal amount you can claim under 80C subject to maximum of Rs. 1 lakh.

Interest amount can be claimed under u/s.24b, subject to maximum of Rs.1.50 lakh for self occupied and actual for let out property

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