Home Loan Exemption

can i claim home loan exemption of principal and interest if i take a home loan from cooperative financial society
Replies (5)
Yes.... You can claim exemption.



Read more at: https://www.caclubindia.com/forum/exemption-for-home-loan-taken-from-co-operative-financial-society-414264.asp

Thank You Sir for the Clarification
You are most welcome... ...
Interest deduction under section 24 is available

Principle repaymenet upto a maximum of 150000/- is available as deduction under 80C --

provided home loan is taken for construction of a house ----- from Co-operative Financial society.......

.....any company in which the public are substantially interested or any co-operative society, where such company or co-operative society is engaged in the business of financing the construction of houses .....

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