one my Client taken a personal loan,can he claim deduction on interest amount paid.
6 Replies
Aman Shivharey
(78 Points)
Replied 03 August 2019
yes he can claim deduction of interest under section 24(b) but not under 80EE
Saket Mishra
(367 Points)
Replied 03 August 2019
he cant claim interst u/s 24 since its not a housing loan
Sai Prasad
(43 Points)
Replied 03 August 2019
no he can't
in loan document it sould be clear housing loan
in loan document it sould be clear housing loan
Kapadia Pravin
(17259 Points)
Replied 03 August 2019
if loan is used and attributable to any taxable Income then deduction yes
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 03 August 2019
| Originally posted by : Yogesh Sharma | ||
 |
one my Client taken a personal loan,can he claim deduction on interest amount paid. |  |
No... Deduction not available...
Jatin Gada
(searching job)
(151 Points)
Replied 04 August 2019
No deduction available for Personal Loan.
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