Mortgage loan interest can be adjust in income tax return
This query is : Resolved
07 January 2013
Dear sir,
please clarify.
i have taken mortgage loan from the bank.for construction and marriage purpose.
my doubt is that can i adjust mortgage interest in my income tax adjustment.
please clarify.
please clarify.
i have taken mortgage loan from the bank.for construction and marriage purpose.
my doubt is that can i adjust mortgage interest in my income tax adjustment.
please clarify.
Guest
Guest
(Expert)
07 January 2013
No benefit available of such loans.
08 January 2013
i what the clarification under section 24 in income tax act, about mortgage loans
Guest
Guest
(Expert)
08 January 2013
The Interest benefit available u/s 24 is on loan which is taken for the construction of house not on loans which are taken be nortgaging the house.
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