Interest paid on house building loan from bank
This query is : Open
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
(Expert)
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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