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House Loan Principal Amount
My House Loan Principal Amount Paid for 2017-18 is Rs.200000/.So,how much deduction can be claimed u/s-80C?(LIC Premium paid-Rs.25000/)
Replies (6)
Under section 80C aggregate of all such deductions......... Rs. 1.50 lakhs. (including LIC premium)
For interest deduction 2 lakhs u/s. 24(b) and .....additional interest Rs. 50K u/s. 80EE (if applicable) .....
Yes... I agreed to Mr Dhirajlal Rambhia Sir...
U/s 80C Rs 1.50 Lakhs is available for deduction. Both (Lic & HL principal) are under same sec (80C).
And You can avail u/s 80EE if applicable...
U/s 80C Rs 1.50 Lakhs is available for deduction. Both (Lic & HL principal) are under same sec (80C).
And You can avail u/s 80EE if applicable...
Yes... I agreed to Mr Dhirajlal Rambhia Sir...
You can take deduction of principle amount paid u/s 80c upto maximum 1.5 lacs. Additionally you can also take deduction of the INTEREST portion of your loan repayment U/S 24B of house property.
under 80EE you can claim only interest paid towards home loan and principal repayment cannot be claimed
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