https://www.taxtmi.com/acts?id=17170 Deduction for interest on a residential home loan is allowed to individual taxpayers for interest payable on loans from defined financial institutions for acquisition of a residential house, subject to a monetary ceiling per assessment year with any unutilised amount carried to the next assessment year. Eligibility requires loan sanction within the prescribed period, the sanctioned loan and house value not exceeding specified ceilings, and that the assessee did not own a residential house on the loan sanction date. The same interest cannot be claimed under other provisions. en-us Fri, 01 Mar 2013 17:22:43 +0530 Sat, 02 Mar 2013 11:07:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=17170 Deduction for interest on a residential home loan is allowed to individual taxpayers for interest payable on loans from defined financial institutions for acquisition of a residential house, subject to a monetary ceiling per assessment year with any unutilised amount carried to the next assessment year. Eligibility requires loan sanction within the prescribed period, the sanctioned loan and house value not exceeding specified ceilings, and that the assessee did not own a residential house on the loan sanction date. The same interest cannot be claimed under other provisions. Act-Rules Bills Fri, 01 Mar 2013 17:22:43 +0530 https://www.taxtmi.com/acts?id=17170