Hausing loan
This query is : Resolved
01 July 2013
is housing loan interest claim in individual in respect of loan taken from brother then housing loan allowed or not u/s 24
02 July 2013
Yes interest can be claimed as deduction if housing loan is taken from brother but principal amount deduction will not be allowed
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05 August 2013
Interest paid on loan raised from any source, used for construction of house is allowable deduction u/s. 24. But repayment of loan qualifies for deduction only if taken from sources specified u/s. 80C.
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