Interest on reconstruction,repairs etc.
This query is : Resolved
04 May 2013
Respected Sir,
If individual is claimming Interest on Loan of Rs.1,50,000/- for his House Property(Self Occupied)from his Income.
Further, he has taken another loan for reconstruction,repairs etc & paying Interest of Rs.30,000/- p.a. wherher he is elegible to avail both the deduction of Rs.1,50,000/- & Rs.30,000/-
Plz Guide
If individual is claimming Interest on Loan of Rs.1,50,000/- for his House Property(Self Occupied)from his Income.
Further, he has taken another loan for reconstruction,repairs etc & paying Interest of Rs.30,000/- p.a. wherher he is elegible to avail both the deduction of Rs.1,50,000/- & Rs.30,000/-
Plz Guide
04 May 2013
Yes, it is eligible.
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