Where to put home loan principal amount in ITR?

We all know that we are required to pay income tax to the state and central government. This tax acts as revenue. On the other hand, the government provides certain rebates for its citizens in taxes. If you want to know where to put home loan principal amount in ITR. Take a look below.

ITR is mandated by the Income Tax Department of India. Everyone is supposed to fill this form and hand in information about their Income Tax Return.

Read the ITR form slowly and carefully. There will be a specific

principal paid on housing loan exemption section in the form.

In the stipulated place, you are required to put home loan principal amount. The blanks will be mentioned in the form area for section 80EEA and 80C. Mention details including year of property purchase, total loan amount, tenure period etc.

Details about principal paid on housing loan exemption section have been mentioned in Section 80C of the Income Tax Act. An individual will get a tax deduction on the amount paid as repayment of the principal amount on home loan.  The maximum limit on the principal amount has been set at  Rs.1.5 lakh.

This is the end of my answer about where to put home loan principal amount in ITR.

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