House property income
This query is : Resolved
Rajiv Kr. Bhardwaj
(Querist)
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?
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
(Expert)
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.
Its a kind of mortgage loan and has not been taken for construction or purchase of the house.
Rajiv Kr. Bhardwaj
(Querist)
17 February 2012
Thanks Mr. Paras,
If I let out this property. Does it make any differece?
If I let out this property. Does it make any differece?
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