Hi,
Under which section should I claim the interest paid on NRE HDFC home loan for , for principal paid is Section 80 right?
Sethuraman
Sethuraman (Technical) (59 Points)
17 July 2011Hi,
Under which section should I claim the interest paid on NRE HDFC home loan for , for principal paid is Section 80 right?
Sethuraman
CA. Anuj Gupta
(Practices in NRI Int.Tax FEMA TP FDI/FIPB & FCRA)
(7019 Points)
Replied 18 July 2011
Interest paid is covered under sec. 24 whereas the principal portion is covered under sec. 80C.
Anuj
+91-9810106211
N.Anuradha
(Chartered Accountant)
(31 Points)
Replied 18 July 2011
Dear Sir,
Please clarify if the NRI can carry forward the Loss on House Property(interest u/s 24) after deduction of Rental income by filing IT Returns regularly and claim/set off against his Indian income if he returns back to India.
N.Anuradha
(Chartered Accountant)
(31 Points)
Replied 18 July 2011
Dear Sir,
Section 71B clarifies carry forward of loss from house Property.Thanks
Anuradha
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