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

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...!!!

very useful

thnks

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

Regards,

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

Really very nice analysis dude. Keep it up

This is Very Nice and timely information Sir...

Thank you so much.....

Regards

Vinod S Jadhav

+919890006498

 

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

or

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

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.

If the residential propery is purchased in which father is an applicant but loan paid by the son then who can claim benefit of deduction?

Hello Sir, could you please explain your seventh point "7. Restriction on sale of house property".

NO U CAN ONLY CLAIM UPTO MAXIMUM OF RS 150000.