Interest under section 24 h.p
ashutoshmishra (cafinal) (67 Points)
08 August 2013ashutoshmishra (cafinal) (67 Points)
08 August 2013
Mihir
(Wealth Manager)
(5293 Points)
Replied 08 August 2013
Loan taken from private party ie friends, relatives for home is allowed for claiming deduction u/s 24(b), provided the lender furnishes a certificate of loan paid to the assessee. However, principal amount shall not be eligible for deduction u/s 80C.
https://www.indiantaxupdates.com/2012/11/06/tax-benefits-on-home-loan-in-india/
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