Rebate of Interest on housing loan
RAKESH SETHI (HGA) (26 Points)
15 November 2017RAKESH SETHI (HGA) (26 Points)
15 November 2017
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160292 Points)
Replied 15 November 2017
The additional (TOP UP) loan is clubbed together with original house loan, when used for additional construction.
1) With respect to interest payable on both the loans together, it will be deductible up to the maximum limit of Rs 2,00,000.
2) The amount of loan principal repaid on both the loans together will also be deductible under Section 80C to the maximum extent mentioned in that section.