Home Loan benefit more then a time

295 views
User Avatar

Sr Executive (Taxation)
44 Points Posted on 09 February 2022

I am a salaried individual and have already availed home loan benefit once under IT. Later I sold the house 10 years back and presently residing in a rented house. Now I am planning to buy a house again and want to know can I avail home loan benefits under IT again?

0 Reply Share Follow
On 09 February 2022 at 18:58 Report
Replies (4)
Quick Summary
If you've previously claimed home loan tax benefits and are now looking to buy another property, you may be able to claim them again. There's generally no restriction on claiming deductions for interest on borrowed capital, provided you stay within the specified limits. However, this benefit is typically only available if you opt for the Old Tax Regime.

User Avatar

114 Points Posted on 09 February 2022

Yes you can claim home loan benefits

Reply
On 09 February 2022 at 19:13
User Avatar

12244 Points Posted on 09 February 2022
Yes, you can... there's no bar for claiming deduction for interest on borrowed capital subject to the limit of rs. 200000
Reply
On 09 February 2022 at 19:37
User Avatar

CFO- at NHTF
58280 Points Posted on 09 February 2022
Yes can claim only if you choose Old Tax Regime
1 Reply
On 09 February 2022 at 21:53
User Avatar

Profession
28271 Points Posted on 10 February 2022
Yes certainly
Reply
On 10 February 2022 at 19:07

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. 5th Letter PAN Mismatch with Surname issues still
  2. Criteria to hire an article
  3. Guidence requested for a Finance Professional with
  4. Expert Opinion Required – Form 140 Gross Amo
  5. WRONG TAX DEMAND - formal responses , rectificatio
  6. Foreign remittance
  7. Affordable Residential Flats in Gurgaon
  8. Manufacturing
  9. TAN REGISTRATION ON E-FILLING SITE
  10. Form 10-IEA – Continuing Old Regime

More recent discussions | Post

Related Topics :

Loading