Latest posts for the topic "Tax deduction against principal repayment of home loan amount"

Tax deduction against principal repayment of home loan amount

raghav — GMT

Can I take deduction u/s 80c against repayment of principle amount of housing loan, if yes then what is the max. limit?

Re:Tax deduction against principal repayment of home loan amount

Dhruv Agarwala — GMT

Yes, you can make a deduction up to a total limit of Rs. 100,000 as available under section 80c for repayment of principal amount on your home loan. This deduction is a cumulative one, and cannot be joined with any other 80c deduction on investments in mutual funds, insurance schemes etc. etc.

Under section 24, Rs. 150,000 of interest repayment is tax exempt per annum

For our users, I would like to add that this is one of the advantages of owning your own home, which you do not get if your rent your house. You will get a tax benefit and then at the end of the repayment, you will own your asset.

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Re:Tax deduction against principal repayment of home loan amount

Anonymous — GMT

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Tax deduction against principal repayment of home loan amount

Anonymous — GMT

is before occupation of house, home loan principal amount deductable for tax purpose

Tax deduction against principal repayment of home loan amount

Anonymous — GMT

[quote=raghav]Can I take deduction u/s 80c against repayment of principle amount of housing loan, if yes then what is the max. limit?
[/quote]

Tax deduction against principal repayment of home loan amount

Anonymous — GMT

Can I take deduction of housing loan repayment u/s 80 C before occupying the house property?

Re:Tax deduction against principal repayment of home loan amount

Anonymous — GMT

Dear Brethren,

Holy Brotherhood is a Non Governmental organization that providing funding for in form of loan and financial assistance for business,contracts,supplies,consignment and other commercial needs for personal,academic,social and sundary purposes.

Apply for soft humanitarian loans. with zero interest and five years repayment time.

Orsam Gift (gift.sacred@yahoo.com)

Re:Tax deduction against principal repayment of home loan amount

Anonymous — GMT

[quote=Anonymous]Dear Brethren,

Holy Brotherhood is a Non Governmental organization that providing funding for in form of loan and financial assistance for business,contracts,supplies,consignment and other commercial needs for personal,academic,social and sundary purposes.

Apply for soft humanitarian loans. with zero interest and five years repayment time.

Orsam Gift (gift.sacred@yahoo.com)[/quote]

Tax deduction against principal repayment of home loan amount

Anonymous — GMT

A assesse had only rental income,and he had borrowed loan for let out property ,is there he claim the deduction u/s 80c

Re:Tax deduction against principal repayment of home loan amount

dhiraj.patel — GMT

You can get tax deduction for the repayment and not on the undecided property. This deduction is applicable in case of payment of home loans from your bank account.

Tax deduction against principal repayment of home loan amount

Anonymous — GMT

Nowadays, some bank allows user to start the repayment EMIs even before the possessing the house. In this case, I am paying the principal and interest both. Now, can I get the tax exemption for the principal amount paid till now?

Tax deduction against principal repayment of home loan amount

Anonymous — GMT

[quote=Anonymous]A assesse had only rental income,and he had borrowed loan for let out property ,is there he claim the deduction u/s 80c[/quote]