Housing Loan Principal deduction for let out property

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  1. Rashmi M. Hudli

    Rashmi M. Hudli New Member

    I have purchase a house property on a loan. It has been let out. Whether I can take Deduction under chapter VI A of Section 80 C for Housing Loan Principal repayment amount.
     
  2. Karan Batra

    Karan Batra Well-Known Member

    Yes, you can claim deduction under Section 80C for repayment of principal of home loan taken for house which has been let out
     
    Rashmi M. Hudli likes this.
  3. Balavenkatesh

    Balavenkatesh New Member

    What about the interest payment on let out property? It need to claimed only during IT return filing? or During investment declaration itself?
     
  4. Karan Batra

    Karan Batra Well-Known Member

    Yes, you can claim the deduction for interest as well. This can be claimed either while filing investment declaration or IT Return filing.
     
  5. Rashmi M. Hudli

    Rashmi M. Hudli New Member

    Thanks Karan!
     
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