News Topics

if I pay housing loan, where should I claim ded...

if I pay housing loan, where should I claim deduction for it?

if I pay housing loan, where should I claim deduction for it?

0
Chiranjibi Aug. 04, 2018

If you pay housing loan, you can claim it under Income from house property, just below the standard deduction of 30%.


You can claim up to Rs 2 lakhs (extra 50000 for your first house) as interest on housing loan.

Even if you had taken the loan before construction, you can claim the pre-construction interest in 5 equal installments from the year in which the property is completed.

if I pay housing loan, where should I claim deduction for it?

Ask Question Create News