House Loan Repayment

interest repayment on borrowed capital under section 24b and principal repayment under section 80c

Principal repayment can be claimed under section 80C and interest paid on housing loan can be claimed under section 24 of the IT Act.

interest repayment on borrowed capital under section 24b and principal repayment under section 80c

Interest repayment for loan taken after 1st April 1999, upto Rs. 1.5 lakhs under section 24

And, loan prior to that Rs.30K

Housing Loan repayment upto Rs. 1lakhs under section 80C

Dear All

Thanks for the reply.........