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Interest paid on house building loan from bank

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Querist : Anonymous

Querist : Anonymous (Querist)

01 August 2017 I had taken a loan of Rs.20.00 lac from Bank for building/constructing house.during 2010. My house has been completed fully, but my bank loan has not been fully repaid till date. May I claim deduction against interest paid on the loan ?

K Srinivas, CMA CS

K Srinivas, CMA CS (Expert)
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01 August 2017 Yes, interest on home loan continues till the loan is fully repaid. You can claim the deduction against interest from home loan

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