Question And Answer
Subject: interest on pvt home loan
Querist: BS
Answered by:
Tags: ,
Date: March 30, 2023
Query asked by BS

1 can it be claimed from IFHP ?

2. can pvt loan for home loan fall u/s 80C ?

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If the loan is taken for a self-occupied property, a deduction of interest on the loan will be available up to Rs. 2,00,000/-. No, the assessee cannot claim a deduction of interest payments under section 80C of the Act. Section 80EE of the Act may be available subject to other conditions.

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