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Regarding tax saving

This query is : Resolved 
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(Querist)
27 February 2012 If salaraied person paid interest on persoanl loan but such loan used for building a house insted of geting housing loan he avail personal loan than it is possible to avail interest deduction in its computaion.
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
27 February 2012 The assessee cannot claim deduction of such interest as he will not be able to prove that the loan was used for construction of a house.
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