House property

This query is : Resolved

ADHITYA SRI GUPTA KOTHAMASU (Querist)
Follow

20 December 2014 Please Help me on the following issue:
A person took a loan for construction of a house and after completion of construction he is claiming interest as pre construction interest. If he took another loan for the construction of the same property by mortgaging his another house can we claim the interest of this loan as a deduction from Income from House Property????

Amol S Joglekar

Amol S Joglekar (Expert)
Follow

20 December 2014 Housing Loan is different from LOAN against Property.
Interest on housing LOAN qualifies for deduction/rebate etc but not the LOAN against property.

Rupesh Jain

Rupesh Jain (Expert)
Follow

20 December 2014 you can claim the intt on construction or acquiring the property . can not claim the intt on against property loan.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

K.M. AGGARWAL

C G K MURTHY

Ishwar Radhakisan Tawani

Vinod Dharwarkar

manojkumarkk

Subscribe Now

House property

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

GST CONSULTANT

GST CONSULTANCY

Article Assistant

CA Final

Manager- Finance and Compliance

Accountant