Can one claim housing loan processing fee / file charges paid to bank to take loan u/s 24 with interest
thanks & regards
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U/s 24 Housing Loan (Charges)
Replies (3)
Quick Summary
Processing fees is tax deductible
YES.
As per S. 2(28A) "interest" means interest payable in any manner in respect of any moneys borrowed or debt incurred (including a deposit, claim or other similar right or obligation) and includes any service fee or other charge in respect of the moneys borrowed or debt incurred or in respect of any credit facility which has not been utilised.
Thanks
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