Interest on Housing Loan

This query is : Resolved 

05 September 2007 I have taken loan from an NRI friend and closed my Housing Loan with a Bank. Can I get exemption/relief for Interest payment & repayment of principal paid to NRI friend

05 September 2007 No you will not get the exemption

08 September 2007 yes, u can claim exemption provided u have the evidences to prove it, if demanded.


27 March 2008 you can claim interest on housing loan. There are no such restriction that loan should be taken from financial institution only for sec 24



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