Dear friends
Is repayment of personal loan taken for construction of house is deductible?
Menu
Chapter VI A deductions
Replies (8)
Yes principal amount is allowed as deduction to person making repayment of loan u/s 80C
You can deduct only the Housing Loan principal payment as per 80 C upto 1,50,000/-
yess deductible u/s 80C
upon ₹ 150000 in 80c and interest on that loan upto ₹200000 in 24b
Yes... You can claim.
But, Better to Keep proof for using personal Loan into Construction of the House...
But, Better to Keep proof for using personal Loan into Construction of the House...
NO AS LOAN IS TAKEN FOR REASON PERSONAL NOT HOUSING SO YOU CANT GET INTEREST CERTIFICATE AND WILL NOT GET ANY DEDUCTION
good and nice clarification like it
Recent Threads
- E way bill expired penalty
- Best SME Focused AIF Funds in India for High Growt
- How does employee management software help in stat
- Clarification Required – Section 18 of Wage
- How to split freelance project income with a frien
- 194a for A y 2024-25
- Compensation & Benefits
- SAC code and GST rate transport services for anima
- Section 44AB is Gone — How Different is Tax
- Capital Gains from Cancelled Residential Project
Related Threads
CAclubindia
