INTEREST ON HOUSING LOAN

HELLO FRIENDS

 

IF THE INTEREST CERTIFICATE PROVIDED DOES NOT MENTION THE DATE OF LOAN, HOW TO FIND OUT THE MAXIMUM DEDUCTION ALLOWABLE. (IN THE CASE OF SELFOCCUPIED HOUSE) RS,30000/- OR RS.150000/-

Replies (8)

The person must be knowing when the loan was taken and when the house was purchased. It can be known from that.

Also the old limit was if loan taken before 01.04.1999. So the person may be knowing whether the loan was taken 10 years before or now.

u can get maximum deduction of Rs.150000 and u can get statment from the bank

maximum deduction is Rs.1,50,000/-

BETTER TO ASK PERSON WHO HAS TAKEN LOAN, HE DEFINATELY HAVE SUCH INFORMATION. IF NOT AVAILABLE, ASK HIM TO PROVIDE THE DETAILS FROM BANK. 



REGARDS,



MANOJ

A Certificate from the Banker will serve ur purpose..

Ask him to get it from the Bank itself.

A Certificate from the Banker will serve ur purpose..

Ask him to get it from the Bank itself.

Agreed wit Mahendra..

GREETINGS!

I WOULD LIKE TO COMMENT ON GIVEN QUERY UNDER PURVIEW OF MY KNOWLEDGE SO, the given query which was actualy not pertaining the details of LOAN taken date though the solution would be like this

the int of the loan taken amount would be allowed as deduction up to Rs 1,50,000 when the the construction or acquisitation of of the house property should comleted with in 3 years of the finnacial year in which home loan taken,otherwise the amount of dedution  would be Rs30,000 only.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
08 October 2026
Account Executive

Elite Taxation

New Delhi

CA Foundation

View Details
Company
15 October 2026
Senior Accountant

Continental Belting Pvt Ltd

Mumbai

B.Com

View Details
Company
ARTICLESHIP 08 October 2026
ARTICLE TRAINEE

S.B.G. & CO. CHARTERED ACCOUNTANTS

New Delhi

CA Inter

View Details
Company
30 September 2026
Senior Accounts Executive

Codeboard Technology

Chennai

MBA

View Details
Company
12 October 2026
Finance

I-Genext Consulting Private Limited

New Delhi

CA

View Details
Company
ARTICLESHIP 01 October 2026
Articled Assistant

KPSN & Associates LLP

Chennai

CA Inter

View Details
Company
ARTICLESHIP 07 October 2026
Article Assistant

Malhotra Rajesh & Associates

New Delhi

B.Com

View Details
Company
ARTICLESHIP 22 October 2026
Articleship intern

Srinath Manikanta

Hyderabad

CA Inter

View Details