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Deduction u/s 24b of interest paid on loan

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(Querist)
01 September 2017 Sir
My client had taken home loan in 2002 and it is running till date. I am in confusion about the availability of deduction u/s 80C and 24B against the interest paid on loan. The interest portion is 37000/-. Can I avail full deduction?
Pl advise will I proceed with the deductions or not. I have to file return for the assessment year 2016-17 & 2017-18.
Regards
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
01 September 2017 Eligible for 37,000 per 2nd proviso to section 24(b).
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sanjay

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sanjay (Querist)
02 September 2017 Sir
The principal amount can also be availed of Rs.11062.
Pl reply
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sanjay

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sanjay (Querist)
02 September 2017 Sir
The principal amount can also be availed of Rs.11062 u/s 80C. Pl reply
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CA. Sunil Gokhale

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CA. Sunil Gokhale (Expert)
11 September 2017 Yes, principal amount repaid can be claimed u/s 80C.

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