Interest on housing loan
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 January 2014
Hi,
I have purchase a house property & for which i have taken the loan from my Grand parents & have paid them Interest.
U/s 80C: Principal re-payment deduction is dis-allowed if the loan is not taken from Banks or financial Institutions.
But i am not able to find any section which could dis-allow the Interest paid on the above loan.
Can you please suggest whether i can claim the same U/s 24
I have purchase a house property & for which i have taken the loan from my Grand parents & have paid them Interest.
U/s 80C: Principal re-payment deduction is dis-allowed if the loan is not taken from Banks or financial Institutions.
But i am not able to find any section which could dis-allow the Interest paid on the above loan.
Can you please suggest whether i can claim the same U/s 24
20 January 2014
Hi
You can not calim prin. amt paid u/s 80C but you can claim Int portion u/s24B.
Thx
You can not calim prin. amt paid u/s 80C but you can claim Int portion u/s24B.
Thx
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