Housing loan from huf to karta

Dear Sir,

Can karta take the housing loan from HUF and claim the interest paid on that loan as a deduction u/s 24 in his return upto 2 lac

Thanks

Replies (5)
Quick Summary
This discussion clarifies whether a Karta can claim tax deductions under Section 24 for housing loan interest paid to a Hindu Undivided Family (HUF). While the initial response suggests it's not possible as deductions are typically for financial institutions, further input indicates that interest paid *can* be claimed. However, the principal amount cannot be deducted under Section 80C without a certificate from a financial institution.

No he can't. Deduction u/s 24 is only valid for interest paid to financial institutions.

Friend, section 24 does not specify this condition of financial institution 

Yes. Interest paid can be claimed as deduction.
Principle can't be claimed under 80C as certificate from FI is required.
interest can be claimed
Interest can be claimed

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