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Interest on housing loan

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Querist : Anonymous

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Querist : Anonymous (Querist)
20 January 2014 Hi,
I have purchase a house property & for which i have taken the loan from my Grand parents & have paid them Interest.

U/s 80C: Principal re-payment deduction is dis-allowed if the loan is not taken from Banks or financial Institutions.

But i am not able to find any section which could dis-allow the Interest paid on the above loan.

Can you please suggest whether i can claim the same U/s 24
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@VaibhavJ

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@VaibhavJ (Expert)
20 January 2014 Hi

You can not calim prin. amt paid u/s 80C but you can claim Int portion u/s24B.

Thx

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