Hi,
Can Interest paid to relative for housing loan is eligible for claiming deduction under house property income ???
Menu
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...
Recent Topic
- 194JB INCOME
- Filing ITR3 where income under section 44AD with L
- What is superannuation fund
- GST Refund of input services under Inverted Duty S
- Dividend Reporting
- Real operational bottlenecks after firms use Tally
- Purchase return under gst
- Long Term Capital Loss - cannot be carried forward
- Cross-utilization of ITC between Trading and Resta
- Form 121 eligibility for non deduction of TDS for
Related Topics
CAclubindia
