One of my friend has taken a house repairing loan from Gopinath Patil Parsik Janta Sahakari Bank Ltd. On Which He paid 24051 as Principle & 9549Rs As Interest Amount Can He Claim Interest & Principle As Deduction ???? Similar To Housing Loan?????
2 Replies
Pankaj Arora
(Learner)
(3134 Points)
Replied 10 January 2011
YES he can claim deduction of interest and principal both.
U S Sharma
(glidor@gmail.com)
(21063 Points)
Replied 10 January 2011
| Originally posted by : CHIRAG DEEPAK GANATRA | ||
 |
One of my friend has taken a house repairing loan from Gopinath Patil Parsik Janta Sahakari Bank Ltd. On Which He paid 24051 as Principle & 9549Rs As Interest Amount Can He Claim Interest & Principle As Deduction ???? Similar To Housing Loan????? |
 |
if the principal amount is added in value of house property, then only he can claim.
Recent Topics
- Form 3CEAA and Form 3CEAB
- DIR 3 Web KYC
- Can i declare LTCG income as business income if I
- Stock entry in new software
- I have an EMI collection shop, what is its SAC cod
- Making payment once in quarter possible under QRMP
- Master File Documentation related
- Applicability of 44AD needs clarification
- ITC reversal in GST 3B
- Claim if ITC on stocks 19-2020 conversion from com
Related Threads
CAclubindia
