Ome loan matter

This query is : Resolved

Guest

Guest (Querist)

07 February 2013 GOOD EVENING SIR,
I TAKE A HOME LOAN AMOUNT OF 12 LAKH.AND MY PER MONTH EMI IS 12 THOUSAND WITH INTEREST(9000+3000=12000).THAN SIR CAN I TEKE DEDUCTION OF INTEREST U/S 24 AND DEDUCTION OF PRINCIPAL AMOUNT U/S 80C IN HOME LOAN.WHILE I AM ALREADY LIVE IN THIS HOUSE.

Heera Nahariya

Heera Nahariya (Expert)
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07 February 2013 yes.

Deduction can be claimed u/s 24 towards interest for one self occupied house property upto Rs. 150000

simultaneously u can claim deduction u/s 80C towards repayment of principal upto rs. 100000 (inclusive of other investment prescribed u/s 80 C

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Guest

Guest (Querist)

07 February 2013 THANKS FOR REPLY SIR CAN YOU TOLD ME THAT ANY CONDITION ABOUT THIS TO GET HOME LOAN PRINCIPAM AMOUNT DEDUCTION

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