Housing Loan Principal & Interest
This query is : Resolved
25 November 2009
Hi,
If mortgage loan is taken for the purpose of construction or acquisition of house property(Let-out property in particular), can the Interest & Pricipal be claimed?
If mortgage loan is taken for the purpose of construction or acquisition of house property(Let-out property in particular), can the Interest & Pricipal be claimed?
25 November 2009
if you take housing loan from authorized financial institution or banks for construction,reconstruction, or acquisition of house is eligible to claim.
25 November 2009
Even if it is a 'Mortgage Loan' can Pricipal & Interest be claimed..??
25 November 2009
Interest on mortgage loan taken for the construction of a property ,being let out subsequently, can be claimed without limit under section 24(b). However principal portion will not be allowed under section 80C being not residential.
25 November 2009
agree with Mr. Warrier
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- TDS U/S. 194NF
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Tds on building rent monthly
- Import license renewal
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
CAclubindia
