17 March 2009
My father wants to give a housing loan by cheque with a interest of 10 % .
If pay him quarterly interest and loan instalment can i get deduction from salary u/s 80C as a loan repayment and interest u/s 24 as loan interest payment up to Rs.1,50,000.
He will issue aletter to me and i accept the terms and condition.
CAclubindia
