30 July 2012
Please tell me whether interest on repayment of loan taken for purchase/construction of residential house property should be claimed as deduction u/s 24 or it should be claimed as deduction u/s 80C?? and what is difference between these two provisions?? please clarify.
30 July 2012
But sec 80C provides deduction for repayment of INSTALLMENT amount. It has not made clear that it is for only principal repayment. As installment may include principal as well as interest. So how can we segregate it for the purpose of deduction??
CAclubindia
