02 March 2011
if you claim in Section 80 C it is limited only to Rs.100000/- including of all other deductions also. whereas consider in section 24 for self occupied property is it limited to Rs.150000/- and for let out the full interest amount.
02 March 2011
If an assesse is paying Interest on Housing loan he can avail the benefit of U/s.24 only, no question of Sec.80C because for Interest Sec.24 and for Principal Sec.80C
Max. Benefit for 80C is 1Lac & Sec.24 is 1.5L for self occupied and the actual interest paid for let out property(no limit of 1.5lac)
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