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Whether principal amount for home loan and interest deduct?

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Querist : Anonymous

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Querist : Anonymous (Querist)
28 July 2016 Sir,

please please clarify one thing that salary person has home loan for which principal amount is paid Rs 400000 and interest is paid nearly about Rs 2lak ,so whether the person get deduction u/s 80c for this principal and interest or not.

please make my confusion clear.
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CA. Sunil Gokhale

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CA. Sunil Gokhale (Expert)
28 July 2016 Interest up to 2L under income from house property & principal up to 1.5L under 80C is allowed.

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