Can i claim income tax exemption under 80C , Sec 24 and Sec 80E together ?

POSTED BY kvkishan ON December 11, 2013 8:53 pm ONE COMMENT

My housing loan got approved in Jan 2013 and the loan part payment was done to the builder in April 2013 and i have occupied the house in Dec 2013.  I have paid 1.5 lac of principle amount and 1.2 lac of interest till Dec 2013.  Can i claim exemption under 80c and sec 24 ? can i also claim under 80 E (is it applicable to me, as part payment was done in April 2013).

If I can not claim for interest till Dec, can claim exemption for interest from jan 2014 to mar 2014 for the current financial year income tax deductions.

One reply on this article “Can i claim income tax exemption under 80C , Sec 24 and Sec 80E together ?”

  1. ashalanshu says:
    December 11, 2013 at 11:27 pm

    Dear Kvkishan, the interest paid by you from april 2013 to March 2014 is eligible for section 24b benefit. The principal repayment is available within the over all limit of 1L Rs. for Fy 2013-2014.

    From where you are putting section 80E here. Section 80E belongs to education loan’s interest deduction. Please confirm what are you asking for.

    Thanks

    Ashal

    Reply

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