nRiTeCh
Skilled
Guys I'm filling my Form C (investment) on my company portal however for my home loan I'm in a very huge confusion.
Need to clear very important doubts and fill the form by Monday 14th as its locking/last day after which I wont be able to make any changes and will be wrongly charged income tax which cannot be claimed thereafter.
I bought my first house last year on loan sanctioned in march 2021. And I'm staying in it and not rented.
I can claim Deductions under these heads:
Deduction under Section 80C max 1.5lac
Deduction under Section 24
Additional deduction under Section 80EEA [As per this link, (The loan must have been sanctioned between 1 April 2019 to 31 March 2022 (extended from 31 March 2021)]
Do I need to club all these amounts: "Stamp duty + Home loan Principal amount + Home loan Interest" and put in part under relevant headers until overall amount is claimed.
Example: 180000 + 100000 + 120000 = 400000
I'm confused with which amount shall I club stamp duty? Is it Home loan principal or interest?
Has anyone bought house last year who can help me clear the air.
Also, any CA here who can help me, we can have a short remote session. I'm willing to pay charges as well.
I have attached my Form c and highlighted boxes in green where the amounts need to be filled so need help on how/where exactly the amount goes (Stamp duty + Home loan Principal amount + Home loan Interest)
Need to clear very important doubts and fill the form by Monday 14th as its locking/last day after which I wont be able to make any changes and will be wrongly charged income tax which cannot be claimed thereafter.
I bought my first house last year on loan sanctioned in march 2021. And I'm staying in it and not rented.
I can claim Deductions under these heads:
Deduction under Section 80C max 1.5lac
Deduction under Section 24
Additional deduction under Section 80EEA [As per this link, (The loan must have been sanctioned between 1 April 2019 to 31 March 2022 (extended from 31 March 2021)]
Do I need to club all these amounts: "Stamp duty + Home loan Principal amount + Home loan Interest" and put in part under relevant headers until overall amount is claimed.
Example: 180000 + 100000 + 120000 = 400000
I'm confused with which amount shall I club stamp duty? Is it Home loan principal or interest?
Has anyone bought house last year who can help me clear the air.
Also, any CA here who can help me, we can have a short remote session. I'm willing to pay charges as well.
I have attached my Form c and highlighted boxes in green where the amounts need to be filled so need help on how/where exactly the amount goes (Stamp duty + Home loan Principal amount + Home loan Interest)
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