Htl interest
This query is : Resolved
01 November 2011
I have taken home loan from my relative with an agreement on stamp paper and i am paying simple interest on same loan monthly @ 9% per annum could I claim interest u/s 24 up to max. 1,50,000/-
Please tell me (loan Amount Rs. 5,25,000/-)
Please tell me (loan Amount Rs. 5,25,000/-)
CA PARAS BAFNA
(Expert)
01 November 2011
Yes you can claim.
Every year take a certificate from him, narrating the fact that
"
Mr Sohan has taken a loan for purchasing a house and have received/debited to him interest from 1.4.20xx to 31.03.(20xx+1) of Rs. 4xxxx/-. "
Every year take a certificate from him, narrating the fact that
"
Mr Sohan has taken a loan for purchasing a house and have received/debited to him interest from 1.4.20xx to 31.03.(20xx+1) of Rs. 4xxxx/-. "
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