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Income tax

This query is : Resolved 
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(Querist)
30 October 2007 I have subscribed for a Chit of Rs 100000/
I have participate in bid and succeed in draw.I received cash of Rs 80000/after deducting premium of Rs20000(chit Kasar)

I utilised that amount to construct the house.Can I claim that chit kasar as interest under head HP income?
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o.velavan

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o.velavan (Querist)
30 October 2007 pl.inform me
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kumar arumugam

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kumar arumugam (Expert)
31 October 2007 no, you can not.
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kumar arumugam

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kumar arumugam (Expert)
31 October 2007 no, you can not.
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