House property income

This query is : Resolved

Rajiv Kr. Bhardwaj (Querist)
Follow

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)
Follow

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)
Follow

17 February 2012 Thanks Mr. Paras,

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

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