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Interest deduction in sop

This query is : Resolved 

29 August 2019 Whether Home Equity Loan from LICHFL will qualify for deduction u/s 24(2) for self occupied house property.

05 September 2019 No. Home equity loans are in the nature of loan against property and hence the same will not qualify for deduction under section 24(2)

06 September 2019 Thanks K Srinivas Ji






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