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80c deduction

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(Querist)
21 October 2009 Is Interest on home loan covered u/s 80c dedction?
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Sreedhar Atchutuni ACA,GradCWA

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Sreedhar Atchutuni ACA,GradCWA (Expert)
21 October 2009 Interest of home loan is covered under section 24(b)- Income from House Property.

Only Principal amount is covered under sec 80C.
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chetan soni

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chetan soni (Expert)
21 October 2009 agreed with expert.
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CA SANJAY MUKHERJEE

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CA SANJAY MUKHERJEE (Expert)
21 October 2009 Agree with expert,

It's an advantage that interest can be claimed upto 1,50,000 in addition to other
deduction of 80C upto Rs. 1,00,000.
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
21 October 2009 Yes interest on home loan allowable u/s 24 only

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