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Relating to Tax Benefit for house building loan

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(Querist)
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...?
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CA Akshay Jangid

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CA Akshay Jangid (Expert)
27 February 2020 You cannot take the benefit in such case

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