Hi Sir/Madam,
we availed two housing loan in 2016-17
can we claim on loan of 35,00000 and
4,00,000 ( two loans on purchase of house )
can we claim :
1.Intrest on House loan - 2,00,000
2.principle repayment of home loan under 80C- 50000Rs
3.Intrest on Home loan Availed in 2016-17-50,000Rs.under 80EE
please share valuable inputs
thanks
can we claim these three
1. Yes you can claim u/s 24
2. Yes but subject to overall limit of 150000 u/s80C
3. 80EE The loan amount should not exceed 35 lakh, no other house during the time of loan sanctions and the property value should not exceed 50 lakh.
CAclubindia
