Interest on Housing Loan
This query is : Resolved
Vasudevarao Yanduru
(Querist)
05 September 2007
I have taken loan from an NRI friend and closed my Housing Loan with a Bank. Can I get exemption/relief for Interest payment & repayment of principal paid to NRI friend
08 September 2007
yes, u can claim exemption provided u have the evidences to prove it, if demanded.
SANDEEP AGGARWAL
(Expert)
27 March 2008
you can claim interest on housing loan. There are no such restriction that loan should be taken from financial institution only for sec 24
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