Easy Office
Easy Office

Interest on Housing Loan

This query is : Resolved 

10 June 2011 Dear Sir /Madam,

I have paid remaining housing loan installments before maturity and the bank charged interest Rs.1,00,120/ as the installments were paid prematuredly.
cab this amount of interest be treated as interest on housing loan and allowable in income tax as interest on housing loan ?
Your reply will be highly appreciated.
Thanks
Navin Parikh

10 June 2011 As per law interest on delay payment of housing loan is not allowed. therefore if bank has charged extra interest then its not allowed.



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries