Exemption of the top up home loan's principal & interest

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

26 February 2014 Dear Expert,

I have two loan from TATA Capital, one is a Home Loan (Disburse in 2010) and second is Top up of the Existing of Home Loan (Disburse in 2013).

Please confirm whether Principal & Interest of both the loans are exempted? if yes then confirm me the amount of exemption.

Nikhil Kaushik

Nikhil Kaushik (Expert)
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26 February 2014 no deduction for principal repayment on top up loan. if the loan is for refurbishing/improving the house, interest can be claimed subject to section 24.

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