80c and income from house property
This query is : Resolved
04 October 2014
i have purchased a house property in the current financial year for 60 lakhs ( 30 lakhs by loan and 30 lakhs by owned funds). tell me how much deduction i can avail u/s 80C and income from house property. Install ment paid to bank 30000 ( principal + intt) per month. this property is self occupied and this is the only property i have.
04 October 2014
You can claim Rs. 2,00,000 under income from house property on interest paid and Rs.1,50,000 under section 80C towards repayment of loan.
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