HOUSE LOAN REGARDING
This query is : Resolved
14 March 2026
We purchased a house plot by taking a home loan in the financial year 2025–26 and are currently repaying the loan. How will this be treated under Income Tax? Will we get the benefit of the interest and EMI paid in Income Tax?”
14 March 2026
No. Interest benefit is not available for loan over PLOT. Unless you construct HP over it, it will be treated as personal expenditure.
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