Pre closure of home loan
This query is : Resolved
16 February 2016
1) I want to pre close my existing home loan of Rs.20 lacs, if I do so will any tax liability occur?
2) If I take loan from my father and pay interest to him can i get exemption ?
16 February 2016
1 For pre closure of loan no tax liability will arise.
2 If you take loan from your father only interest will be allowed.
2 If you take loan from your father only interest will be allowed.
16 February 2016
agree but you have to take loan by a/c payee cheque only if your loan amount is healthy.
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