Deduction u/s 80C & section 24
This query is : Resolved
29 April 2010
An assessee has taken a housing loan form his compnay in which he working for purchase of plot for residence due to some reason he failed to complete the house. my question is can he take the benifit under section 24 for interest and repayment of insatallment he already made under section 80c
29 April 2010
NO
Interest is allowed if house construction is completed and this condition is also applicable on repayment of loan u/s 80C
Interest is allowed if house construction is completed and this condition is also applicable on repayment of loan u/s 80C
30 April 2010
AGREE NOT POSSIBLE
30 April 2010
no
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