Personal loan taken to buy residential property
This query is : Resolved
12 July 2021
Hi sir,
Assessee has has taken personal loan (at 11% ) to buy residential property ( empty site) house construction not started yet from ICICI bank.
whether deduction allowed any in the following sections?
1. 24(b)
2. 80C
Thank You in advance
Assessee has has taken personal loan (at 11% ) to buy residential property ( empty site) house construction not started yet from ICICI bank.
whether deduction allowed any in the following sections?
1. 24(b)
2. 80C
Thank You in advance
12 July 2021
As I understand, these deductions can be availed only after the construction of house is completed.
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