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Mortgage loan interest can be adjust in income tax return

This query is : Resolved 

07 January 2013 Dear sir,

please clarify.

i have taken mortgage loan from the bank.for construction and marriage purpose.

my doubt is that can i adjust mortgage interest in my income tax adjustment.

please clarify.

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Guest (Expert)
07 January 2013 No benefit available of such loans.

08 January 2013 i what the clarification under section 24 in income tax act, about mortgage loans

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Guest

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Guest (Expert)
08 January 2013 The Interest benefit available u/s 24 is on loan which is taken for the construction of house not on loans which are taken be nortgaging the house.


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