Int paid on housing loan
This query is : Resolved
14 February 2014
I want to sell my Home, which was bought by me before 4 years. I have taken home loan also. Now i want to sell my home. I want to know about impact of tax on interest on loan which i have claimed as deduction in last 4 years. Pricipal repayment i have not claimed at all, only interest on home loan. Thanks in advance.
14 February 2014
well you could have claimed principal repayment deduction under 80C. regardless, you can include the interest paid in the cost of the asset. this will increase the cost and reduce capital gains.
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