Menu
Deduction of processing fee?
can we take deduction of processing fee of the home loan u/s 24(b)?
Replies (2)
Quick Summary
No. It is only interest part of the loan is deductible under the section; which is to be supported by interest certificate provided by Bank.
The definition of interest as per section 2(28A) includes any service fee, therefore we can claim it as deduction under section 24(b).
Recent Topics :
- Query on FLAIR return
- Itr 4 problem
- Capital Gains Mismatch Due to Sale Agreement in FY
- REGARDING NRO INVESTMENT IN SHARES OF DOMESTIC COM
- DTAA benefits
- SUPPLEMENTARY AGREEMENT FOR ADDING A PARTER IN TN
- Part availmement of ITC in case of rejection of su
- Due date for itr 5 no audit with loss for fy 25 26
- Capital Gains Mismatch AIS
- Inward E-way bill from Tally Prime 7.1
Related Topics :
CAclubindia
