Interest on Housing Loan
This query is : Resolved
Parikh Navin Keshavlal
(Querist)
10 June 2011
Dear Sir /Madam,
I have paid remaining housing loan installments before maturity and the bank charged interest Rs.1,00,120/ as the installments were paid prematuredly.
cab this amount of interest be treated as interest on housing loan and allowable in income tax as interest on housing loan ?
Your reply will be highly appreciated.
Thanks
Navin Parikh
I have paid remaining housing loan installments before maturity and the bank charged interest Rs.1,00,120/ as the installments were paid prematuredly.
cab this amount of interest be treated as interest on housing loan and allowable in income tax as interest on housing loan ?
Your reply will be highly appreciated.
Thanks
Navin Parikh
CA Navin Jain
(Expert)
10 June 2011
As per law interest on delay payment of housing loan is not allowed. therefore if bank has charged extra interest then its not allowed.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Transfer of Physical Stock Between Two Proprietorship Concerns
- EPF ECR NEW RULES Sep 17th 2026
- Issuing of delivery challan by seller of goods
- Taxation of crypto futures in India Fy 2026- 2027
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
