Interest on housing loan from co operative society
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 November 2014
one of my client has taken a loan from a co operative society for the purpose of purchase of house. the society is not a housing society. its just a employees mutually aided co operative society.
is the interest on such loan taken from the society eligible for deduction u/s 24 and the principle u/s 80C
is the interest on such loan taken from the society eligible for deduction u/s 24 and the principle u/s 80C
19 November 2014
Home loan availed from any co-operative society (need not necessarily be a housing society) is eligible for deduction u/s 24 and 80C.
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