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Home Loan Exemption


MILIND JADHAV   09 December 2019

MILIND JADHAV

 3 points

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

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

RAJA P M
"Do the Right Thing...!!!" 
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Yes.... You can claim exemption.

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Shubham Gupta (Business Consultants)     09 December 2019

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

MILIND JADHAV   09 December 2019

MILIND JADHAV

 3 points

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Thank You Sir for the Clarification

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

RAJA P M
"Do the Right Thing...!!!" 
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You are most welcome... ...

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Kapadia Pravin   10 December 2019

Kapadia Pravin

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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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