Housing loan
This query is : Resolved
a.srinivas
(Querist)
26 January 2015
i am an employee of LIC OF INDIA , i have an option to take HFL LOAN FOR A concession rate of interest from our LICHFL this is called CADRE LOAN .
1.) I have taken housing loan of rs 1800000/- for an apartment flat for a period of 14years in non cadre loan ie., General loan from LICHFL .registration charges was 115000/-. emi = 19792/-pm.
2.)i am planning to construct a house with LIC employee cadre loan of Rs 1200000/- ie., concession rate of interest from LICHFL
two housing loans what is the effect in incometax returns
Sir please guide me how to show the emi of two housing loans and registration charges in my income tax returns.
1.) I have taken housing loan of rs 1800000/- for an apartment flat for a period of 14years in non cadre loan ie., General loan from LICHFL .registration charges was 115000/-. emi = 19792/-pm.
2.)i am planning to construct a house with LIC employee cadre loan of Rs 1200000/- ie., concession rate of interest from LICHFL
two housing loans what is the effect in incometax returns
Sir please guide me how to show the emi of two housing loans and registration charges in my income tax returns.
26 January 2015
Interest on borrowed capital is a deductible expenditure for Income from House Property.So you can claim the interest on both the housing loans.Only thing is out of the two houses, only one house can be self occupied, if not given for rent.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Taxation of crypto futures in India Fy 2026- 2027
- Transfer of Physical Stock Between Two Proprietorship Concerns
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Issuing of delivery challan by seller of goods
- EPF ECR NEW RULES Sep 17th 2026
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
