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Regarding tax saving

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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. If yes than what document require to submit to employer for geting deduction
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CA Himanshu Sharma

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CA Himanshu Sharma (Expert)
27 February 2012 no
u can't get deduction of that interest.
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
28 February 2012 No, cannot get deduction.
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