Land loan inteerest taxation
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
30 January 2016
Sir
I want to know if my client has taken a loan for property purchase, he demolishes the property to construct but he does not construct, and paying interest to bank. Can he claim deduction under section 24 and 80C respectively? Please reply and advise.
Regards
I want to know if my client has taken a loan for property purchase, he demolishes the property to construct but he does not construct, and paying interest to bank. Can he claim deduction under section 24 and 80C respectively? Please reply and advise.
Regards
30 January 2016
No eligibility to take claim under both sections.
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