It rebate on interest on housing loan
This query is : Resolved
21 June 2013
Dear Sir,
I will be much obliged to know if an employee extends / renovated the House by constructing additional floor by availing Housing loan, the permission exemption limit towards interest is Rs.150000 or Rs.30000 under. Since the loan sanctioned by LIC HFL has issued a certificate menntioning improvement / renovation.
Thanks,
D S Murthy
Section Officer
Indian Institute of Chemical Technology
Hyderabad 500007
I will be much obliged to know if an employee extends / renovated the House by constructing additional floor by availing Housing loan, the permission exemption limit towards interest is Rs.150000 or Rs.30000 under. Since the loan sanctioned by LIC HFL has issued a certificate menntioning improvement / renovation.
Thanks,
D S Murthy
Section Officer
Indian Institute of Chemical Technology
Hyderabad 500007
21 June 2013
Interest on repair/renovation allowed u/s.24b maximum Rs.30000
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