Hi,
Can Interest paid to relative for housing loan is eligible for claiming deduction under house property income ???
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Interest on Housing loan
Replies (5)
yes
yes, but only the interest part not the principal part and you have to gain a written confirmation from them that you have recieved the said sum of money as interest on load provided to you as home loan......
Yes.....You can claim the Interest paid as deduction under IFHP.........
Any interest paid (or outstanding) on capital borrowed for the purpose of purchase, construction, reconstruction, renewal, repairs of HP is allowed as deduction......
U/s 80 C to claim the principal repayment - Repayment of housing loan taken from Government, Banks, Housing Development Authority for construction or purchase of a house......Only Post construction Principal allowed.....
yea u can claim it..and i hope it has been discussed many a times
Yes, As its not mandatory that the loan should be taken from a Bank or Financial Institution only...
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