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Tax Exemption on Mortgage Loan?

Hello, I would like to know in detail if possible, whether in India Interest on Mortgage loan avails for any Tax exemption like 1 in Home loan. As per m knowledge Mortgage Loan is considered to be a part of Home Loan. Pls do reply.

Asked by

Ashwin S Chettiar (1) in category Home Loans & Property Financing on Aug 27 at 1:40 pm

Answers (1)

First Answer

Hello

The interest paid on mortgage loan can not be claimed the tax exemption and can not be consider as a home loan.

Regards. PRASHANTH

Answered by

Prashanth, on Aug 30 at 1:14 am

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