Section 24(b) PL and HL
This query is : Resolved
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30 October 2023
If someone is taking Personal Loan to buy a land for home, (because of free hold land no home loan is provided by any Bank there) Is it possible to take deduction of interest under section 24(b)?
30 October 2023
Please share all possible solutions.
30 October 2023
Yes, such interest payable for home is eligible for deduction under section 24(b) after completing house construction.
30 October 2023
Thanks Sir for your valuable reply.
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