Relating to Tax Benefit for house building loan
This query is : Resolved
27 February 2020
Dear All,
As we are well aware of taking loan credit in income tax for house building loan (Residential purpose).
1) Deduction of Principal Amount under section 80C:- 1, 50, 000 Maximum Limit.
2) Deduction of Interest Amount under section 24b :- 2, 00, 000 Maximum Limit.
Please suggest one issue if we take the loan in the name of a Company, will we be able to avail the same tax benefit...?
As we are well aware of taking loan credit in income tax for house building loan (Residential purpose).
1) Deduction of Principal Amount under section 80C:- 1, 50, 000 Maximum Limit.
2) Deduction of Interest Amount under section 24b :- 2, 00, 000 Maximum Limit.
Please suggest one issue if we take the loan in the name of a Company, will we be able to avail the same tax benefit...?
27 February 2020
You cannot take the benefit in such case
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