Personal loan for house construction

siva andhavarapu (ca final) (388 Points)

17 June 2017  

HAI

      IF ANY PERSON TAKES PERSONAL LOAN FOR HOUSE CONUSTRUCTION THEN WHETHER HE CAN CLAIM BENEFIT OF INTERST PAYMENT IN INCOME FROM HOUSE PROPERTY HEAD(REALLY HE USED THAT AMOUNT FOR HOUSE CONUSTRUCTION PURPOSE ONLY).

                                                                                 (OR)

     HOW CAN HE ADJUST THIS INTEREST PAYMENT TO REDUCE HIS TAX LIABILITY? (HE IS A SALARY EMPLOYEE)