Interest on housing loan
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 January 2014
Hi,
I have purchase a house property & for which i have taken the loan from my Grand parents & have paid them Interest.
U/s 80C: Principal re-payment deduction is dis-allowed if the loan is not taken from Banks or financial Institutions.
But i am not able to find any section which could dis-allow the Interest paid on the above loan.
Can you please suggest whether i can claim the same U/s 24
I have purchase a house property & for which i have taken the loan from my Grand parents & have paid them Interest.
U/s 80C: Principal re-payment deduction is dis-allowed if the loan is not taken from Banks or financial Institutions.
But i am not able to find any section which could dis-allow the Interest paid on the above loan.
Can you please suggest whether i can claim the same U/s 24
20 January 2014
Hi
You can not calim prin. amt paid u/s 80C but you can claim Int portion u/s24B.
Thx
You can not calim prin. amt paid u/s 80C but you can claim Int portion u/s24B.
Thx
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
- GST Regis.
- Inventory of finished goods
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Tds on building rent monthly
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Sale of property furniture sale
- Confusion around Form 26QB fields
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- RCM INVOICING FROM NOV-2024
- Disallowance of Section 43B(h) to sez units
- HSN Details in IFF/GSTR-1 & in GSTR 9
- 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
Trending Online Classes
CAclubindia
