Income Tax Help Me

Tax planning 401 views 2 replies

One of my friend has taken a house repairing loan from Gopinath Patil Parsik Janta Sahakari Bank Ltd. On Which He paid  24051 as Principle & 9549Rs As Interest Amount Can He Claim Interest & Principle As Deduction ???? Similar To Housing Loan?????

Replies (2)

 

YES he can claim deduction of interest and principal both.

Originally posted by : CHIRAG DEEPAK GANATRA

One of my friend has taken a house repairing loan from Gopinath Patil Parsik Janta Sahakari Bank Ltd. On Which He paid  24051 as Principle & 9549Rs As Interest Amount Can He Claim Interest & Principle As Deduction ???? Similar To Housing Loan?????

if the principal amount is added in value of house property, then only he can claim. 


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register