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Home loan interest

hiteshkumar.prajapati@yahoo.co (no) (25 Points)

29 December 2018

Can I get home loan interest benefits RS.1.5 lacs if I have file nil returns can get refund??

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6 Replies

Giridhar S Karandikar (Team Lead) (7543 Points)
Replied 29 December 2018

yes you can do that.

1 Like

Monil Mehtam (Pursuing CA) (39 Points)
Replied 29 December 2018

The amount of benefit under chapter VI A is only available to the extend of Gross Total Income. Therefore no refund available

3 Like

penil porwal (2 Points)
Replied 29 December 2018

you won't be able to get any refunds as you have filed a nil return

Nitesh bind (Student CA Final ) (12692 Points)
Replied 29 December 2018

Agreed with Mr. Monil

3 Like

umesh kumar sidana (ca) (143 Points)
Replied 30 December 2018

benefits of home loan interest repayment you can take under house property income & you have filled nil return so you can claim loss under house property if you have filed return within due date.

but you can't take deduction of principle repayment of house property as you have shown nil income.