| Question And Answer | |
|---|---|
| Subject: | interest on pvt home loan |
| Category: | Income-Tax |
| Querist: | BS |
| Answered by: | Advocate Shashi Ashok Bekal |
| Tags: | Interest, private home loan |
| Date: | March 30, 2023 |
1 can it be claimed from IFHP ?
2. can pvt loan for home loan fall u/s 80C ?
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.
Disclaimer: This article is only for general information and is not intended to provide legal advice. Readers desiring legal advice should consult with an experienced professional to understand the current law and how it may apply to the facts of their case. Neither the author nor itatonline.org and its affiliates accepts any liabilities for any loss or damage of any kind arising out of any inaccurate or incomplete information in this article nor for any actions taken in reliance thereon. No part of this document should be distributed or copied (except for personal, non-commercial use) without express written permission of itatonline.org