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Housing loan for repairs

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(Querist)
05 December 2011 I have taken Housing loan for reparing purpose. Pls let me know whether I can valim both principal & interst amount. What is the limit for interest. pls guide
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CA VISHAL RANA,CS,B.Com,AMFI

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CA VISHAL RANA,CS,B.Com,AMFI (Expert)
05 December 2011 you can take maximum deduction for interest on loan for repair... Rs. 30000 and can take principal amount deduction in 80C
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
05 December 2011 Section 80C (2) (xviii) can't be claimed for loan taken for repair purposes.
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