Sir/Madam
For last financial year my client paid
Rs 2 lakhs as principal and
Rs 7 lakhs as interest
The loan is taken on mortgage of client's apartment
Can it be considered housing loan?
So when declaring IT under which section and how much can be claimed as deduction
- Re-payment of housing loan etc
- Interest payable on loan for residentials house property (u/s 80EEA )
- Interest on loan taken for Residential House (u/s 80EE)
Which section will apply? and how much?
Thanks a lot
Shanthi