Dear Seniors,
Kindly let me know in housing loan repayment , the total amount comes in three parts as follows,
Arrears of interest:
Interest:
Principal amount:
Now my question is in TDS declaration form under which section these all three amount should come.
For interest on housing loan already one column is there under Sec. 80D.
Should the principle amount come under Sec 80C.
Please Guide me...
Thanks
Ravita
From India, Mumbai
13Kindly let me know in housing loan repayment , the total amount comes in three parts as follows,
Arrears of interest:
Interest:
Principal amount:
Now my question is in TDS declaration form under which section these all three amount should come.
For interest on housing loan already one column is there under Sec. 80D.
Should the principle amount come under Sec 80C.
Please Guide me...
Thanks
Ravita
From India, Mumbai
Dear Ravita,
May i know builder will possession for ur flat or how many time to give possession this flat. If not give possession ur eligble only Interest benefit on under 80c. Then ur builder possession ur flat u have eligible both interest and principle amount.
thanks,
chander
From India, Delhi
Thanks a lot Mr. Chander for your reply. Actually its one of our employee query. I will clarify with him and will follow your advice. Thanku you sooo much again. Regards Ravita
From India, Mumbai
From India, Mumbai
Dear Mr. Chander, Should the principal & Arrears of interest amount come under Sec 80C. They have got possession and living in the flat. Awaiting your reply... Regards Ravita
From India, Mumbai
From India, Mumbai
Ravita, Housing loan principal repayment - claimed under 80 (C) for rebate Housing loan interest - Rebate claimed under section 24. Pon
From India, Lucknow
From India, Lucknow
Thanks Pon ,
But I am little bit cnfsed. In declaration form on first page(point no 4 & 5) it is mentioned "interest on housing loan taken prior or after 01.04.1999.
Should the interest amount be mentioned in that column & principal amount in sec. 80C & under which column.
Please clear it .....
Thanks
Ravita
From India, Mumbai
But I am little bit cnfsed. In declaration form on first page(point no 4 & 5) it is mentioned "interest on housing loan taken prior or after 01.04.1999.
Should the interest amount be mentioned in that column & principal amount in sec. 80C & under which column.
Please clear it .....
Thanks
Ravita
From India, Mumbai
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Withdrawal of PF for housing loan 5.6.2012.pdf
Loan Form.doc