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Home Loan Exemption

MILIND JADHAV (3 Points)

09 December 2019

can i claim home loan exemption of principal and interest if i take a home loan from cooperative financial society

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5 Replies

RAJA P M ("Do the Right Thing...!!!") (128075 Points)
Replied 09 December 2019

Yes.... You can claim exemption.

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Shubham Gupta (Business Consultants) (2077 Points)
Replied 09 December 2019

MILIND JADHAV (3 Points)
Replied 09 December 2019

Thank You Sir for the Clarification

RAJA P M ("Do the Right Thing...!!!") (128075 Points)
Replied 09 December 2019

You are most welcome... ...

Kapadia Pravin (17259 Points)
Replied 10 December 2019

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 .....