Housing Loan Exemption
This query is : Resolved
15 October 2008
One employee of SBI was voluntarily retired and disbursed his housing loan which was standing against him and claimed exemption u/s 24 in the return.Whether it is admissible or not? If Yes so kindly quote the section.
Guest
Guest
(Expert)
15 October 2008
my opinion about it any person who has taken home loan can claim the interest on home loan u/s 24 and he can also avail the deduction u/s 80c for repayment of loan upto Rs. 1 lac. so interest will be deducted from the income from house property and principal amount can be claimed u/s 80C
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Tds on building rent monthly
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- RCM INVOICING FROM NOV-2024
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Sale of property furniture sale
- TDS under section and rate of TDS
- GST input on scooter purchased
- TDS under section 194Q and TCS under section 206C
- GST input on car insurance and repairs
- GST input on Diwali gift to employee
- GST input on Mobile Handset
- Material and freight in same invoice
- TDS under section 194J inclusive of reimbursement of expenses
- TDS on Material and Labour in same invoice
- Should I be worried about and rectify reporting Jan,Feb ,March 2024 foreign salary in schedule FA?
Trending Online Classes
CAclubindia
