Penal interest on housing loan


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Querist : Anonymous

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Querist : Anonymous (Querist)
16 August 2011 Sir,
Whether penal interest on Housing Loan is allowable as deduction or not? Please clarify

17 August 2011 Interest U/s 24 can be claimed according to the certificate issued by the Bank.

If penal interest is included, claim it, otherwise do not claim the same.

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Querist : Anonymous

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Querist : Anonymous (Querist)
17 August 2011 THANK YOU FOR YOUR KIND REPLY


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