House property income

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Rajiv Kr. Bhardwaj (Querist)
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08 February 2012 Sir,

I bought a house three years back out of my own fund and later in the prevoius year I have taken a loan against said house. My question is that whether the interest paid toweards this loan can be exempted u/s 24?

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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08 February 2012 No, this interest can not be claimed U/s 24.
Its a kind of mortgage loan and has not been taken for construction or purchase of the house.

Rajiv Kr. Bhardwaj

Rajiv Kr. Bhardwaj (Querist)
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17 February 2012 Thanks Mr. Paras,

If I let out this property. Does it make any differece?

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