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Deduction of processing fee?

Ankur Agarwal (33 Points)

20 September 2021  
can we take deduction of processing fee of the home loan u/s 24(b)?

 2 Replies

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (107572 Points)
Replied 20 September 2021

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.

Ankur Agarwal (33 Points)
Replied 20 September 2021

The definition of interest as per section 2(28A) includes any service fee, therefore we can claim it as deduction under section 24(b).
1 Like

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