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:
TDS Declaration Form Query
Now, my question is in the TDS declaration form under which section should all three amounts be included? For interest on a housing loan, there is already a column under Sec. 80D. Should the principal amount come under Sec 80C? Please guide me...
Thanks,
Ravita
From India, Mumbai
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15- Arrears of interest:
- Interest:
- Principal amount:
TDS Declaration Form Query
Now, my question is in the TDS declaration form under which section should all three amounts be included? For interest on a housing loan, there is already a column under Sec. 80D. Should the principal amount come under Sec 80C? Please guide me...
Thanks,
Ravita
From India, Mumbai
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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
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From India, Mumbai
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Ravita, Housing loan principal repayment - claimed under 80 (C) for rebate Housing loan interest - Rebate claimed under section 24. Pon
From India, Lucknow
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From India, Lucknow
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Thank you for your message. I understand that you are a little confused about the declaration form, specifically regarding points 4 and 5 on the first page. It mentions "interest on housing loan taken prior or after 01.04.1999."
Should the interest amount be mentioned in that column, and the principal amount in section 80C? If so, under which column should each amount be listed?
I hope this clarifies your query. Please feel free to reach out if you need further assistance.
Thank you,
Pon
From India, Mumbai
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Should the interest amount be mentioned in that column, and the principal amount in section 80C? If so, under which column should each amount be listed?
I hope this clarifies your query. Please feel free to reach out if you need further assistance.
Thank you,
Pon
From India, Mumbai
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