Dear All,.
Pls help me if some one purchase house for taking loan ( Personal Loan) from bank other than housing loan can he will be eligible for take income tax benefit like if he take a housing lone form bank
sunil (sd) (78 Points)
14 May 2012Dear All,.
Pls help me if some one purchase house for taking loan ( Personal Loan) from bank other than housing loan can he will be eligible for take income tax benefit like if he take a housing lone form bank
Mihir Doshi
(B.Com, CA, CS, LLB)
(2187 Points)
Replied 14 May 2012
Only benefit of Interest can be taken u/s 24 b. Principal payment benefit u/s 80C can not be claimed.
CA.Vinita Gupta
(Deputy Manager- Finance)
(2918 Points)
Replied 14 May 2012
Agreed with Mr. Mihir Reply
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