Interest u/s 24(b)
This query is : Resolved
MANJUNATHA M.R
(Querist)
05 July 2014
Dear Experts one should purchase vacant site against Bank Loan. The Interest paid towards the Loan is got exempted u/s 24(b) or not. Please advice me. Thanks In advance.
Ganeshbabu K
(Expert)
05 July 2014
Interst paid for mere site will not eligible for 24(b) deduction
.
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but the same will be available after assuming possessing of housepreoperty constucted in that site
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so as of now you cant get any deduction for that
.
.
but the same will be available after assuming possessing of housepreoperty constucted in that site
.
.
so as of now you cant get any deduction for that
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