Closing home loan using HBA and taxation

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1 Points Posted on 17 January 2023

"I am planning to use a combination of the House Building Advance from my employer and a loan from my Cooperative Society to close my existing home loan with the bank. Will I still be eligible for tax deductions under Section 80C and Section 24 after I close my home loan?"

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On 17 January 2023 at 16:16 Report
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SEO Sai Gr. Hosp.
212535 Points Posted on 17 January 2023

Yes, if the loan from CHS is home loan in nature...

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On 17 January 2023 at 19:04

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