Top-up loan on existing housing loan

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Querist : Anonymous

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Querist : Anonymous (Querist)
22 August 2013 if top-up loan taken on existing housing loan then it can be availed under benefit of u/s. 24b

22 August 2013 Yes. it is eligible and can be claimed subject to maximum of Rs.1.50 lakh cap

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Querist : Anonymous

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22 August 2013 If interest certificate doesn't mentioned deduction can be claimed u/s 24 b then also

23 August 2013 certificate should clearly mentioned the loan purpose for construction, renovation or repairs of the house property

23 August 2013 certificate should clearly mentioned the loan purpose for construction, renovation or repairs of the house property


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