80C -HOUSING LOAN & 24(B) INTEREST PAYMENT
This query is : Resolved
22 June 2023
Dear Sir,
One of my clients jointly purchased a Flat in which they are co-ower & co-borrower also. Husband re-payment the loan with principal & interest in F.Y. 2022-23, Is he fully amount claim the principal u/s 80c & interest u/s 24 (b) in his return, or is he eligible to claim half amount of fully paid principal & interest?
One of my clients jointly purchased a Flat in which they are co-ower & co-borrower also. Husband re-payment the loan with principal & interest in F.Y. 2022-23, Is he fully amount claim the principal u/s 80c & interest u/s 24 (b) in his return, or is he eligible to claim half amount of fully paid principal & interest?
22 June 2023
Subject to limit i.e. Rs. 1.50 L under 80C & Rs. 2 lakhs under Sec. 24b IT act, he can claim.
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