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housing loan principal upto 1 lac is exempted from tax
is it diffrent from exemption u/s 80c

Question Posted / harry


housing loan principal upto 1 lac is exempted from tax is it diffrent from exemption u/s 80c..

Answer / h.r. sreepada bhagi

No. Repayment of Housing Loan principal is included u/s 80C
of Income Tax Act, 1961 (Limit of Rs.1 Lac. p.a.)
Housing Loan Interest is deductible up to Rs.1.50 Lacs p.a.
u/s 24.

Is This Answer Correct ?    3 Yes 6 No

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