Deduction of interest paid on home loans
This query is : Resolved
12 March 2015
Dears,
Can I claim the interest paid on home loans borrowed from private finances like DHFL,IIFL?
Can I claim the interest paid on home loans borrowed from private finances like DHFL,IIFL?
12 March 2015
Interest paid on loan, including private loan, is deductible u/s 24 from the income from the house property. On completion of the house deduction of interest is allowable as per rules. No deduction of repayment of loan is allowed on private loan.
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