one my Client taken a personal loan,can he claim deduction on interest amount paid.
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Personal loan
Replies (6)
yes he can claim deduction of interest under section 24(b) but not under 80EE
he cant claim interst u/s 24 since its not a housing loan
no he can't
in loan document it sould be clear housing loan
in loan document it sould be clear housing loan
if loan is used and attributable to any taxable Income then deduction yes
| Originally posted by : Yogesh Sharma | ||
 |
one my Client taken a personal loan,can he claim deduction on interest amount paid. |  |
No... Deduction not available...
No deduction available for Personal Loan.
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