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is emi paid on topup loan eligible for deduction ?

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38 Points Posted on 14 March 2018
Mr A took housing loan during 2012 and there after he approached bank for topup loan . bank approved topup loan during 2016 on basis of customer good repayment history by house mortgage . can Mr A claim emi (interest and principal) paid on topup loan u/s 24(b) and 80c ?
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On 14 March 2018 at 11:46 Report
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1378 Points Posted on 14 March 2018
yes, if additional loan is also availed for construction or any other puri ose satisfying the definition of home loan.
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On 14 March 2018 at 13:51


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