Housing loan pre payment income tax benifit

Can I get income tax benifit from pre-payment of housing loan?

asked Jan 26 '12 at 16:18 by NIRAJ GARG 1111

There is no tax benefit on pre-paying your home loan amount.

answered Jan 26 '12 at 17:09 by Pankaj Batra 5.2k320

thanks pankaj
(Jan 29 '12 at 07:52) NIRAJ GARG

No tax benefit on prepayment of home loan... however - you would be happy to note that most of the banks have removed the prepayment penalty if the payment is being made from own sources..

answered Feb 02 '12 at 02:24 by CA Karan Batra 53216


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Asked: Jan 26 '12 at 16:18

Seen: 2,562 times

Last updated: Feb 02 '12 at 02:24