home repair expenditure

This query is : Resolved 

22 December 2016 I repaired my house by taking 10lakhs as loan from my of account and repaid it this financial year. can this loan and interest claimed for income tax rebate ?

22 December 2016 You can claim deduction on interest paid u/s 24(b) of the income tax act. The max deduction allowed for self-occupied house property is Rs. 2 lakh and no max deduction is allowed if it is not self-occupied HP.



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