Deduction for home loan
This query is : Resolved
12 September 2011
I have puchased a house of Rs 1850000, but I have taken a loan of Rs 2000000/- as a home loan. Extra amount of Rs 150000/- I will utilise for payment of registration charges of house.
Whether I get interest deduction on 1850000 or 2000000 ?
Whether I get interest deduction on 1850000 or 2000000 ?
13 September 2011
Registration charges also will be consider as cost of purchase of house so you can get interest deduction on Rs.2000000.
OM SAI SRI SAI JAI JAI SAI
OM SAI SRI SAI JAI JAI SAI
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