All about home loan deduction U/S 80C & 24(b)

Page no : 2

Resham (Carpe Diem !!!) (6535 Points)
Replied 15 March 2012

This is the best analysis one could have ever got... don't know how to thank you... (except for pressing the thanks button)

But really thanks a lot, and do continue the excellent work... thank you so much...!!!

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CA PANKAJ PATEL (C.A. ) (76 Points)
Replied 16 March 2012

very useful

thnks

Dipjyoti Majumdar (CA in service & CS. dipmaj@ rediffmail.com ) (3468 Points)
Replied 16 March 2012

Can it be discussed who will get the tax benefit if a home loan is taken jointly by a couple.

Regards,

Simarpreet Singh (.) (27 Points)
Replied 16 March 2012

dont mind ..but it seems copied...https://www.themoneyquest.com/2009/04/home-loan-tax-benefits-deduction-80c.html

karthikeya (1) (27 Points)
Replied 25 July 2012

Really very nice analysis dude. Keep it up

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Vinod S Jadhav (Assistant Finance Officer) (23 Points)
Replied 26 September 2012

This is Very Nice and timely information Sir...

Thank you so much.....

Regards

Vinod S Jadhav

+919890006498

SHUVRO ( (WANT TO LEARN) ) (175 Points)
Replied 05 August 2013

in case, possession of house property is obtained after 4 years ............what wud be the limit of admissible current year and pre construction years interest?

will summation of both the interests be limited to 30000

30000 limit wud only be applicable to pre construction interest only and 120000 of current year interest can be claimed?

Ravinder (PS) (21 Points)
Replied 09 July 2015

I have a query regarding deduction u/s 24(b).

Sir, If I have taken a housing loan in 2009 and the construction completed in 2014 then whether I will be able to take benefit of Rs.200000 as deduction u/s 24(b) or only Rs.30000 (because construction was completed after expiry of 3 years from the end of the year in which loan was taken).

If it is only Rs.30000 then what about pre-construction interest paid on borrowed capital. whether this limit will apply on pre-constructin period also.