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Question ID : 39286

Deduction of Interest on housing loan if payment made outside India

If a person is paying interest on housing loan from a financial institution outside india (whose income is tax free in that country), whether the payer (who gets her salary from WHO which is Tax Free) needs to deduct the TDS on that for claiming the interest on housing loan.

Posted by CA Neha Gupta on Jul 12, 2019

Filed Under DIRECT TAXES

Answer ID : 85615

Interest paid on housing loans is deductible. No TDS since the interest is not taxable in India hence sec 195 cannot apply.

Posted by SIVADAS CHETTOOR on Jan 24, 2025