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Deduction of Housing loan interest and principal

Tax planning 2072 views 5 replies

I want some clarification regarding can we take deduction of housing loan interest and principal if we borrow loan from relative.........

 

 

Replies (5)

Deduction u/s 80C is available only if borrowals are from specified sources .

But to claim interest on borrowings from self occupied house or let out house , if other conditions are satisfied , there is no restrction regarding sources of borrowings

Dear Sampat Jain

thanks a lot for ur quick response...

i had a doubt regarding ICWAI inter sullbus.

if u dont mine can u provide ICWAI inter  Business taxation old syllbus.

pls provide the same. 

why u need old syllabus yaar?

plz go through section 80C clause xviii sub-clause a & b

it says about " self  finamcing" . may be helpful for you.


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