Deduction under Sec 80C and Sec 24 for home loan
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 April 2010
I have purchased a plot and willing to construct a house on it. I have taken home loan for plot purchase and applying for construction loan separately. Can i get the Income tax benefit for complete loan amount (plot loan + house loan)? or only the construction loan would be considered?
CMA Ramesh Krishnan
(Expert)
03 April 2010
yes.sec.24 & 80C deduction allowed for acqusition also
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