Interest Paid on Housing Loan


This query is : Resolved 

Quick Summary
This discussion clarifies when you can claim tax benefits on interest paid for a housing loan. The key point is to consider the date the cheque was *issued*, not when the bank presented it. Therefore, if you issued the cheque on 30th March 2019, you should claim the benefit for the 2019 tax year, even if the bank cashed it in April 2019.

02 January 2021 We have paid cheque to bank on 30 march 2019, but the bank presented to cheque on 2 nd April, In which year we should claim the benefit.

02 January 2021 Consider cheque issue date.

02 January 2021 Consider cheque issue date.


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