17 June 2013 Unless the business income & House property income , no other income has the facility to claim the interest on loan as deduction. so even you are sold the land, the interest paid on the loan is not eligible to claim in any income

vivek bothra

vivek bothra (Querist)
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18 June 2013 i have business income so I can set off from that

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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18 June 2013 Any expenses which is related to the particular income can be claimed. if you can justify the A.O, interest paid against agriculture loan is you business expenses, then you can claim

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