Dear friends
Is repayment of personal loan taken for construction of house is deductible?
Chapter VI A deductions
rajini anil (71 Points)
21 August 2018
rajini anil (71 Points)
21 August 2018Dear friends
Is repayment of personal loan taken for construction of house is deductible?
Ruchika Somani
(Coaching and Practice in Tax Audit Law.)
(4429 Points)
Replied 21 August 2018
Yes principal amount is allowed as deduction to person making repayment of loan u/s 80C
Sarath Rajendran
(Nil)
(2791 Points)
Replied 21 August 2018
You can deduct only the Housing Loan principal payment as per 80 C upto 1,50,000/-
Ashwin Kumar
(168 Points)
Replied 21 August 2018
RAJA P M
("Do the Right Thing...!!!")
(127455 Points)
Replied 21 August 2018
manoj
(student)
(5205 Points)
Replied 22 August 2018
NO AS LOAN IS TAKEN FOR REASON PERSONAL NOT HOUSING SO YOU CANT GET INTEREST CERTIFICATE AND WILL NOT GET ANY DEDUCTION
CAclubindia
