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A. y. 2014-15 housing loan interest

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Querist : Anonymous

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Querist : Anonymous (Querist)
23 June 2014 Dear Sirs,
My client has availed home loan during financial year 2013-14 i.e. A.Y. 2014-15.
He has paid interest Rs.1,64,619/-.
Filing his ITR the return software allows deduction for home loan of Rs. 1,64,619/-.
U/s. 24 it is Rs. 1,50,000/-.
What should I claim Rs. 1,64,619/-?
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
23 June 2014 if the house is self occupied that deduction shall be limited to Rs 1.5 lakhs only
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Rupesh Jain

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Rupesh Jain (Expert)
23 June 2014 u/.s 24(b) for self occupied house inttt. deduction is allowed maxmimum rs. 150000/-
in a year.
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Querist : Anonymous

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Querist : Anonymous (Querist)
23 June 2014 Thanks You very much Sir.
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
23 June 2014 you are welcome friend.....
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
24 June 2014 if its non sop or lop then full amount can be claimed.

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