Deduction on Home loan in moratorium


This query is : Resolved 

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This discussion clarifies whether accrued interest on a home loan during a moratorium period is eligible for tax deduction. The consensus is that it is not deductible at the time it accrues if it hasn't been paid. However, you can claim the deduction in the financial year when you eventually make the payment for this accrued interest.

15 February 2024 Sir please advise if accrued interest on Home loan can be claimed for deduction. The intrest is accrued during moratorium and actually not paid.

RAJA P M (Expert)
15 February 2024 No, It's not deductible.

13 August 2025 When you pay the accrued interest later, you can claim deduction in the year of payment.


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