Claiming Exemption for House Building Loan Repayment and Interest on Housing Loan in Income Tax. Let us know the Conditions for Claim of Deduction of Interest on Borrowed Capital for Computation of Income From House Property Section 24(b). Exemption for Repayment of House Building Loan from Income tax. This deduction will also be allowable under Sec 80(EE) in respect of re-payment of loans borrowed by an assessee for the purpose of purchase or construction of a residential house property, the income from which is chargeable to tax under the head "Income from house property"
IT Exemptions: House Building Loan Repayment, Interest on Housing Loan
Claiming Exemption for House Building Loan Repayment and Interest on Housing Loan in Income Tax. Let us know the Conditions for Claim of Deduction of Interest on Borrowed Capital for Computation of Income From House Property Section 24(b). Exemption for Repayment of House Building Loan from Income tax. This deduction will also be allowable under Sec 80(EE) in respect of re-payment of loans borrowed by an assessee for the purpose of purchase or construction of a residential house property, the income from which is chargeable to tax under the head "Income from house property"