Regarding home loan
This query is : Resolved
27 January 2014
Dear friends,
I have one query about home loan that recently i constructed a house with money borrowed from my relatives,because of interest burden is high now i want to take a home loan.shall i eligible to take home loan after construction also? if possible, shall i claim deductions under sections 80c, 80EE, 24(B). And what are the required documents for taking home loan to the addition of last 2 years ITRs.
I have one query about home loan that recently i constructed a house with money borrowed from my relatives,because of interest burden is high now i want to take a home loan.shall i eligible to take home loan after construction also? if possible, shall i claim deductions under sections 80c, 80EE, 24(B). And what are the required documents for taking home loan to the addition of last 2 years ITRs.
27 January 2014
Hi
You will be able to claim deduction u/s 24(b) only,
Deduction u/s 80C & 80EEE is not available.
Thx
You will be able to claim deduction u/s 24(b) only,
Deduction u/s 80C & 80EEE is not available.
Thx
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27 January 2014
for taking loan Registration of house property is compulsory?
27 January 2014
And what the documents we have to submit to banks related to house?
27 January 2014
Hi,
Registration is though compulsory, however if you satisfy Make payment & get possession then it is also considered as sale of property as per Transfer of Property Act. However Bank will require complsory registration
Thx
Registration is though compulsory, however if you satisfy Make payment & get possession then it is also considered as sale of property as per Transfer of Property Act. However Bank will require complsory registration
Thx
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27 January 2014
And what the documents we have to submit to banks related to house?
27 January 2014
Every bank has their own list of docs.
As mentioned they will require Reg. copy of agreement & your income and Address proof.
Thx
As mentioned they will require Reg. copy of agreement & your income and Address proof.
Thx
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