Benefit of interest on loan taken for land
This query is : Open
Neeraj Rathee
(Querist)
26 July 2011
Please advice, Can I claim the Deduction of "Interest on Loan" taken for purchase of Land ?
And also the deduction of Loan repayment.
And I am not claiming HRA deduction.
Pls advice.
And also the deduction of Loan repayment.
And I am not claiming HRA deduction.
Pls advice.
CA. Ashish Bihani
(Expert)
26 July 2011
Hi Neeraj,
It seems you are in employment. You cannot claim any deduction of interest on loan.
Regards..
It seems you are in employment. You cannot claim any deduction of interest on loan.
Regards..
Neeraj Rathee
(Querist)
27 July 2011
Dear Sir
Thanks for the comment.
I have purchased Land and started construction of my house. And I have taken Loan for purchasing the Land.
In that case can I take rebate of Interest on Loan.
Pls advice.
Thanks for the comment.
I have purchased Land and started construction of my house. And I have taken Loan for purchasing the Land.
In that case can I take rebate of Interest on Loan.
Pls advice.
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