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Personal loan

Others 405 views 6 replies

one my Client taken a personal loan,can he claim deduction on interest amount paid.

Replies (6)
yes he can claim deduction of interest under section 24(b) but not under 80EE
he cant claim interst u/s 24 since its not a housing loan
no he can't
in loan document it sould be clear housing loan
if loan is used and attributable to any taxable Income then deduction yes
Originally posted by : Yogesh Sharma
one my Client taken a personal loan,can he claim deduction on interest amount paid.

 

No... Deduction not available...

 

No deduction available for Personal Loan.


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