Income tax home loan interest
ABHI KUMAR (735 Points)
01 June 2022
we claim deduction of home loan interest rs 30000 section 24 b pre renewal or after renewal?
5 Replies
sabyasachi mukherjee
(27781 Points)
Replied 01 June 2022
Once home loan is issued its obligatory on the part of the person applying for loan to arrange the same.
sabyasachi mukherjee
(27781 Points)
Replied 01 June 2022
Deduction of home loan can be easily availed one thru chapter vi interest part. Sec 24 is slow there.
Ruchi Kariya
(7 Points)
Replied 07 June 2022
You can claim of home loan interest rs 30000 under section 24b in following cases,
loan borrowed for any purpose before 01-04-1999.
loan borrowed after 01-04-1999 for any purpose other than construction or acquisition.
if construction is not completed within 5 years from the end of the financial year in which the capital was borrowed.
loan borrowed for any purpose before 01-04-1999.
loan borrowed after 01-04-1999 for any purpose other than construction or acquisition.
if construction is not completed within 5 years from the end of the financial year in which the capital was borrowed.
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