Housing loan interest benefit-land and built up area.
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 September 2013
Hi,
Is there any condition to avail housing loan interest benefit with respect to Land & built up area.
For example loan taken for purchase of Land 2400 sq ft out of which built up area 300 is sq ft is planned.
Will housing loan interest benefit available for entire portion (Both land & Building)
Regards
K.Madhusudhanan
Is there any condition to avail housing loan interest benefit with respect to Land & built up area.
For example loan taken for purchase of Land 2400 sq ft out of which built up area 300 is sq ft is planned.
Will housing loan interest benefit available for entire portion (Both land & Building)
Regards
K.Madhusudhanan
CMA Ramesh Krishnan
(Expert)
03 September 2013
For claiming interest deduction u/s.24b,there should be house built, but there no proportionate calculation between house and land, so you can claim interest u/s.24b
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