Housing loan interest
This query is : Resolved
18 October 2012
If a person takes a housing loan of Rs 30 lakhs for 18 year term,whether the deduction of interest of Rs 150000(maxm) under Section 24B can be availed each year subject to the condition that interest given to bank is more than Rs 150000
If a person takes a housing loan of Rs 30 lakhs for 18 year term,whether the deduction of interest of Rs 150000(maxm) under Section 24B can be availed each year subject to the condition that interest given to bank is more than Rs 150000
18 October 2012
Yes, deduction u/s 24(b) is to be claimed every year.
18 October 2012
Yes you can take deduction of Interest after the completion of the House.
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