Interest on housing loan

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  1. Shiddalingesh S G

    Shiddalingesh S G New Member

    X is Individual , he has taken loan for construction of Hostel building from scheduled bank,
    whether interest on Hostel building is allowed as deduction
    Whether Interest can be claimed as deduction, under section 24, and principal ca be be claimed as deduction under section 80 C, while X filing his individual return of income.
    Last edited: Aug 12, 2014
  2. Parul_Gupta

    Parul_Gupta Active Member

    I think it would be allowed to be claimed as a deduction.

    Not sure though.. it is only my personal opinion and not based on any notification/circular..
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