Deduction u/s. 80c

This query is : Resolved

Abhishek Roy Choudhury (Querist)
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11 July 2015 Dear Sir,
What is the maximum exemption limit on repayment of house building loan for FY. 2015-16 relevant to A.Y. 2016-17.

Please reply at the earliest.

Thanks in advance,
Abhishek Roy Choudhury.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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11 July 2015 Rs 150000/- is maximum deduction limit for House Loan Principal Repayment, which is also the ceiling for deduction u/s 80C.

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CMA Gul S

CMA Gul S (Expert)
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12 July 2015 Hi Abhi-

it is 150000.
for details you can refer

http://taxadda.com/income-tax/house-property/deduction-of-interest-sec-24b/

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Abhishek Roy Choudhury

Abhishek Roy Choudhury (Querist)
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12 July 2015 Dear Sir,
Is there any increase in maximum exemption limit on repayment of house building loan for F.Y. 2015-16 u/s. 80C.

Please reply at the earliest.

Thanks in Advance,
Abhishek Roy Choudhury.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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12 July 2015 No there is no such increase u/s 80C.