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.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on Amount transferred in HUF Account
- Nursery business
- Working on Gold wastage during Melting of old gold jewellery
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- TDS on Dashcam rent and allied services
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- GST input credit on commercial property
- ETDS return q4 25-26
- Gift to nri relatives residing in usa
- Intimation under section 245
- GSTR-9C filing
- Royalty payments to the Mining Department for procurement of murum - GST input
- HOW TO ADJUST CREDIT NOTE AMOUNT ?
- Import Order Cancelled.
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
