Repayment of principle and interest for loan taken for repairing of house is qualify for any deduction in Income Tax law
repayment of Laon and Interest for repair of house
Anand Banka (Sr Manager F/A) (57 Points)
25 February 2011Anand Banka (Sr Manager F/A) (57 Points)
25 February 2011Repayment of principle and interest for loan taken for repairing of house is qualify for any deduction in Income Tax law
praveen
(Chartered Accountant)
(6971 Points)
Replied 25 February 2011
YES it qualifies
Interest under 80C
and PRincipal in loss from let out property
maximum Rs.30 k