Htl interest

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Sohan (Querist)
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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/-)

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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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/-. "

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