I have availed the interest subsidy under pradhan mantri awas yojana. Now when i asked bank to provide me the provisional certificate for my loan repayment, they have added a clause saying "interest subsidy received under PMAY should be redcued from the interest to be claimed under 24(b)."
As this yojana has only paid me some portion of my interest subsidy and not in full, i should get the tax exemption for the interest payment i made during the FY. pls help
regards,
harshad
9920881098
Certainly yes.
But you now can avail the interest deduction excluding the amount received as subsidy towards interest.
you cannot claim the tax benefit interest which was not born by you ( i.e. exclude the subsidy portion).
CAclubindia
