30 July 2009
the tax implication in case of pre pymt of housing loan being: 1) you can claim whole amount paid u/s 80C 2) in later years u won't be able to enjoy the benefit of eduction u/s 24 for intt on housing loan
30 July 2009
But, in case prepayment is on account of transfer of loan to another bank, i believe, the benefits under sec 80C and u/s 24 would continue to be available.
CAclubindia
