Housing loan from father
This query is : Resolved
17 March 2009
My father wants to give a housing loan by cheque with a interest of 10 % .
If pay him quarterly interest and loan instalment can i get deduction from salary u/s 80C as a loan repayment and interest u/s 24 as loan interest payment up to Rs.1,50,000.
He will issue aletter to me and i accept the terms and condition.
what is the other way to get the loan.
If pay him quarterly interest and loan instalment can i get deduction from salary u/s 80C as a loan repayment and interest u/s 24 as loan interest payment up to Rs.1,50,000.
He will issue aletter to me and i accept the terms and condition.
what is the other way to get the loan.
17 March 2009
Yes, but make sure about all declaration.
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