interest on housing loan
This query is : Resolved
30 December 2009
can we claim deduction of interest on housing loan after strating of loan repayment irrespective of the date of possesion
30 December 2009
Hiii..
No, You cannot claim only on the basis of Starting Loan repayment.
According to Sec. 24(b) Interest can be claim only in following conditions:
1) If House bas been purchased or Completely constructed, or,
2) on FULL REPAYMENT of loan.
Therefore, because there is not Full Repayment of Loan, so you cannot claim exemption of Interest Amount at this time.
Regard!!!
Dinesh S. Adhikari
No, You cannot claim only on the basis of Starting Loan repayment.
According to Sec. 24(b) Interest can be claim only in following conditions:
1) If House bas been purchased or Completely constructed, or,
2) on FULL REPAYMENT of loan.
Therefore, because there is not Full Repayment of Loan, so you cannot claim exemption of Interest Amount at this time.
Regard!!!
Dinesh S. Adhikari
ANIL JANGID
(Expert)
30 December 2009
agree
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