banner_ad

Interest on housing loan

This query is : Resolved 
Profile Image

Profile Image

(Querist)
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.
Profile Image

aadish

Profile Image

aadish (Expert)
30 July 2012 Dear interest is to be claimed under sec 24, and principal repayments can be claimed as deduction under sec80C.

Hope you get your answer.
Profile Image

CA Ashish Gupta

Profile Image

CA Ashish Gupta (Querist)
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??
Profile Image

CA mahesh birla

Profile Image

CA mahesh birla (Expert)
30 July 2012 you claim interest in u/s 24 and principal in 80C from the instalment.
Profile Image

aadish

Profile Image

aadish (Expert)
30 July 2012 ab bta dia naa,...
Profile Image

CA BHARATH KUMAR

Profile Image

CA BHARATH KUMAR (Expert)
31 July 2012 under 80C- repayment of Housing Loan
under 24B- interest on housing loan
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
07 May 2026
CA Assistant

amit desai and co

Mumbai

CA Final

View Details
Company
08 May 2026
Paid Assistants

Quick Taxperts Private Limited

Bengaluru

Graduate (Any)

View Details
Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details
Company
09 May 2026
Audit Manager

Kanna and Associates

Coimbatore

CA Inter

View Details
Company
03 May 2026
Senior Chartered Accountant

Nirmal Jain & Co

New Delhi

CA

View Details
Company
16 May 2026
Audit clerk

mgirt & co

Bengaluru

CA Inter

View Details
Company
04 May 2026
Content Writer Intern

Interactive Media Pvt Ltd.

New Delhi

CA Inter

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details