Poonawalla fincorps
Poonawalla fincorps

Home loan taken for construction purpose of old house

This query is : Resolved 
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(Querist)
09 August 2018 Dear Sir

A home loan taken for Re-construction of Old House Property is eligible to claim the interest and principal benefits under income tax return.

Kindly clarify

Kindly share the maximum limit also for claiming the interest deduction
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
09 August 2018 Interest is eligible but principal repaid is not.

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