About housing loan interest
This query is : Resolved
29 September 2015
Sir,
An employee purchased a house property on his parent name, and got a housing loan from a bank on his name, now whether the employee gets interest on housing as exemption under sec 24 and repayment of principle under sec 80c
An employee purchased a house property on his parent name, and got a housing loan from a bank on his name, now whether the employee gets interest on housing as exemption under sec 24 and repayment of principle under sec 80c
Amol S Joglekar
(Expert)
29 September 2015
if the loan is "Housing Loan", then 80C benefits are available.
30 September 2015
Hi,
If that employee is a co-applicant, then he can avail the benefit of exemption and deduction.
If that employee is a co-applicant, then he can avail the benefit of exemption and deduction.
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