Deduction u/s 24 b
This query is : Resolved
SANGEETHA G
(Querist)
12 September 2011
Is the housing loan Interest paid to individual other than a financial institution eligible for deduction from income from house property?
CA PARAS BAFNA
(Expert)
12 September 2011
Housing Loan Interest paid to persons other than financial institutions and bank is also eligible for deduction U/s 24(b).
The requirement for claiming the deduction is to get a certificate of interest from the lender specifying the purpose of loan.
The requirement for claiming the deduction is to get a certificate of interest from the lender specifying the purpose of loan.
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