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home loan
by UDAY GAONKAR on Jul 20, 2008 10:18 AM   Permalink | Hide replies

I AM HAVING A HOUSING LOAN FROM MY CO.AND I AM FILLING THE SAME FOR THE INCOME TAX REBATE. THE LIMIT FOR INTEREST ON HOUSING LOAN TO BE EXEMPTED IS RS. 1.5 LACS AND MY INTEREST ACCRUED IS 50000. CAN I AM ABLE TO GET A HOUSING LOAN IN ADDITION TO ONE WHICH I AM HAVING AT PRESENT. CAN THE INTREST ACCRUED MAY FILE IN THE INCOME TAX STATEMENT AND CAN I WILL ABLE TO GET THE BENIFIT OF THAT ADDITIONAL LOAN.

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  RE:home loan
by sharad gupta on Jul 20, 2008 11:59 AM   Permalink
only If the Loan Is Utilized For Same House
sharad
tosharad@rediffmail.com

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Filing tax returns? A step-by-step guide