09 June 2011
it would be of great help if someone could help me out by saying the documents to be submitted for claiming 150,000 under sec 24 as interest on housing loan, if the same is taken from a private finanacial instituition.
In your case if a loan is taken from a private financial institution, it does not make any effect on the the deduction. you can avail the benefit of sec 24.
Documents:- Assessee has to furnishes a certificate, from the person to whom any interest is payable on the capital borrowed, specifying the amount of interest payable by the assessee for the purpose of such acquisition or construction of the property.
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