28 September 2009
If i take housing loan or housing renovation loan from a credit society should I will be elgible for exemption u/s 24 and U/s 80c. Does it make any difference if I take it from the co-operative bank.
29 September 2009
The important point is that it should have been written in the bylaws of the credit society that it can deal in housing finance. The society should be recognised to distribute housing loan. If it is mentioned then you can claim the deduction u/s. 24 as well as 80C.
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