SECTION 24

25 July 2017

CAN I SHOW HOUSE BUILDING LOAN IN ITR 1 OR NOT

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6 Replies

CA Rashmi Gandhi (Chartered Accountant) (86323 Points)
Replied 25 July 2017

Yes...............

Poltu Ghosh (Job) (1865 Points)
Replied 25 July 2017

The principal amount can be claimed as deduction u/s 80C. The interest on home loan as negative income from house peoperty

CA Rashmi Gandhi (Chartered Accountant) (86323 Points)
Replied 25 July 2017

Totally correct Poltu Ghosh.

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Sandeep Sharma (Accounts executive) (552 Points)
Replied 25 July 2017

Interest on home loan can be exempted up to 2 lakh under section 24

Poltu Ghosh (Job) (1865 Points)
Replied 25 July 2017

Thank you Madam for the compliments.

CA Rashmi Gandhi (Chartered Accountant) (86323 Points)
Replied 26 July 2017

Welcome........

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