Itr -1

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

28 June 2016 My Earning is from Salary . I have taken a House loan from bank for the month of October'15 and I have got a possession certificate. Now I have paid interest to Bank in every month from Dec'15 . I have to be file my return in ITR-1 which section deduction will be claimed in ITR-1, ( FY-2014-2015) It has been showing deduction Sec. 80EE
Now it is not available. Please clarify the interest amount where I will put.

Rupesh Jain

Rupesh Jain (Expert)
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28 June 2016 it scome under inocme from house property, if its self occupied the your income will come in (-) ve and deduct form the salary income interest you can claim max. Rs. 200000/- . and principle of loan amount repaid can claim under section 80C. as investmemt its total rs. 150000/- (including the tution fee , insuramce premium etc)