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Posted On :- 23/04/2008
 
Question Asked :-  
 
I have bought a flat at Rs 18,00,000/- + Rs 1,50,000/- Society transfer charges for which I have taken a housing Loan of Rs 15,00,000/- To pay the difference of Rs 4,50,000, I have taken a personal loan of Rs 5,00,000/- Can I claim an Income Tax benefit on the personal loan ? Thanks, Shripad Dixit Some amount from my personal loan, I have used for the  
 
Answer :-  
 
If you have documented proof that the personal loan is used for construction/repair/acquisition of the house property, you will get tax deduction benefits. For more information click on the link http://www.apnaloan.com/taxtips/home-loan-india/constructioncompletionproof.html
 
 

Personal loan query listing
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Qid Question
11603   I need a personal loan of Rs 400000 but I have a salary of rs. 1300
11601   I need some loan amount need help from you
11583   Hi, I am having 4 credit cards and due to some medical issues from
11566   I am a salried employee with 20000 p.m. what is the procedure for g
11553   1-why banks are rejecting my application and why they are not givin
11464   I have taken a personal loan of Rs. 500000 lacs from ICICI Bank rep
11452   Hi. I am a salaried person having a monthly salary of Rs.15500/-
11441   i have taken Rs30000 as personal loanfro m SBI in jan2008 is it hav
11437   Dear Sir/Madam, Can i get a personal loan of amt. 200000 for a l
11412    would u please suggest me any bank in pune for least interest rate
11404   I AM GETTING SALARY RS 7000/- MONTHLY I DO NOT GET A SALARY SLIP I
11389   Can you take over my personal loans at lower interest ?? I had avai
11385   I am situated in bhadravati Dist. Chandrapur (M.S) working in Ordna
11382   I need a personal loan of 15000 to clear my creat card outstandings
11315   Dear Sir/Madam.. I am trying to avail a personal loan so that I can
11279   Hi, I have some personal loans and credit card outstanding which am
11275   My salary is Rs9800.Am I eligible to apply for a loan of 70000
11274   I need a personal loan at lowest interest rate which bank can provi
11272   Hi, I need a loan for amt 50k but I can repay that in 2 months. I
11261   Can i get a personal loan with poor repayment record on my credit c
11256   I would like to know if my name is in defaulter list for vehicle lo
11245   HI, i need a personal loan of 100,000 with a period of 48 months of
11243   i m working with indoco remedies ltd 4m last 5 months. but my total
11239   How to know about pre approved loans?can I asked for offer letter
11232   Hi! is it necessary that I work in a company that deducts a PF fro
11218   I have UTI debit card.I am not maintaining minimum balance as per b
11172   I would like to know if my name is in defaulter list for personal l
11168   I am planning to take a personal loan. the interest rates are very
11157   Hi there I just wanted to know what are the Loans available For
11154    I want to apply for personal loan for Rs 1000000. Pls tell me hsbc
11138   you are showing on the site for 20,000 loan the interest rate is 9%
11136   I have pre approved loan of 4,46,000 lacs from icici bank at 16% Re
11133   hello sir i want to know what is the perfect time to repay a common
11130   i have three months salary slip can i get a personal loan worth of
11123   i want a loan of 3 lakhs. so which bank i shud apply with low inte
11119   I have taken Rs 65000/- loan from CITI Finance @ 19.77% interest fo
11117   Will i get the personal loan,i already applied in your loan section
11112   Sir, I have taken an Express loan in HDFC bank one year back, I wan
11094   will i get loan up to 500000 lacks
11086   Hi, I have 2 personal loans going on allready. I have paid 16 EMI'
11028   i get 23K monthly,i am s/w engg. can i get 100% TAXBENIFT on Perso
11026   I want to apply for personal loan for Rs 100000. Pls tell me whic
11019   Iam presently in kuwait,I would like to have a loan of 5 lakhs
11017   I TAKE A PERSONLA LOAN FROM PRIME FINANCIAL RS 27000 FOR 30 MONTH E
11016   Hi I wanted to know what is daily reducing method and is it applica
11004   my wife need personal loan she earns 8000 in hand how much loan ca
11001   I want credit card & Personal Loan but my monthly income is 850
10998   i am working as lecture in engineering collage and my monthly salar
10997   i want personal loan
10986   i do not have form 16 how can i avail personal loan
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