Deduction u/s 80c
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 February 2013
I have a self occupied resedential house taken on loan.I was claiming deduction u/s 80c for principal repayment & interest paid under Income from House property upto Rs.1,50,000 since 4 years.
From May2012 i have given the house to a bank for Rent.
Can I still claim both the deductions.
From May2012 i have given the house to a bank for Rent.
Can I still claim both the deductions.
22 February 2013
Yes.
In this case you can claim actual amount of interest u/s 24(no upper limit) and principal u/s 80C
In this case you can claim actual amount of interest u/s 24(no upper limit) and principal u/s 80C
22 February 2013
giving property on rent doesn't make any difference.
you can still claim both
and 1,50,000 limit will be actual. So if interest is more then you can claim more
you can still claim both
and 1,50,000 limit will be actual. So if interest is more then you can claim more
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