Housing loan related bank charges/ expenses : IT exemption /deduction
This query is : Resolved
Quick Summary
Raman Kumaran
(Querist)
04 March 2022
Sir/Madam
I have availed Housing loan from SBI. I know that I could claim deducted yearly interest as well principal amount at the time of Income tax return. But, other charges like Documentation charges, Legal fee, Valuation fee, Insurance fee, stamps charges and other miscellaneous expenses which were deducted/paid towards this housing loan will be whether eligible to claim Income tax deduction along with the accrued housing loan interest at the time of filing income tax return.
Kindly advise me, Sir. Awaiting your valuable reply.
Thanking you.
Raman Kumaran
I have availed Housing loan from SBI. I know that I could claim deducted yearly interest as well principal amount at the time of Income tax return. But, other charges like Documentation charges, Legal fee, Valuation fee, Insurance fee, stamps charges and other miscellaneous expenses which were deducted/paid towards this housing loan will be whether eligible to claim Income tax deduction along with the accrued housing loan interest at the time of filing income tax return.
Kindly advise me, Sir. Awaiting your valuable reply.
Thanking you.
Raman Kumaran
CA R SEETHARAMAN
(Expert)
04 March 2022
Claim also other expenses as part of interest payment.
Raman Kumaran
(Querist)
04 March 2022
Thank you, Sir for your valuable advice.
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