Housing loan interest ?
This query is : Resolved
Rakshith Poojary
(Querist)
11 August 2014
Will processing charges/service charges and other items debited to housing loan be eligible for deduction under interest on house property sec 24 deduction?
Rupesh Jain
(Expert)
11 August 2014
no only intt on loan amount will allowed as deduction u/s 24(b) it is not compulsory that you have to pay the intt. to bank during the year .
CA UMESH DULAL
(Expert)
11 August 2014
Only Interest is allowed as deduction...........
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