12 March 2009
interest on housing loan is available as deduction u/s 24(b. now if the loan a/c in a bank is transfered to another bank than is the interest payment allowed as deduction? i think its allowable as in the section there is no restriction on transfer of loan a/c however i need your views on this.
12 March 2009
You can transfer it which can be claimed as deduction. If the principal repaid if any in advance which is also claimable u/s 80c if it is self occupied.
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