Top-up loan on existing housing loan

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Querist : Anonymous

Querist : Anonymous (Querist)

22 August 2013 if top-up loan taken on existing housing loan then it can be availed under benefit of u/s. 24b

CMA Ramesh Krishnan (Expert)
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22 August 2013 Yes. it is eligible and can be claimed subject to maximum of Rs.1.50 lakh cap

Querist : Anonymous

Querist : Anonymous (Querist)

22 August 2013 If interest certificate doesn't mentioned deduction can be claimed u/s 24 b then also

CMA Ramesh Krishnan (Expert)
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23 August 2013 certificate should clearly mentioned the loan purpose for construction, renovation or repairs of the house property

CMA Ramesh Krishnan (Expert)
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23 August 2013 certificate should clearly mentioned the loan purpose for construction, renovation or repairs of the house property

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