Tax applicability on farm house


This query is : Resolved 

Quick Summary
If you're building a farmhouse on your land and using a housing loan, you might be able to claim tax exemptions on the interest and principal repayments. This discussion confirms that such exemptions are indeed available. Seek professional advice to ensure you correctly claim these deductions against your salary.

16 June 2021 I have a farm land in my name at home town.
I am availing housing loan in my name to construct farm house and expenses on landscaping.

Can I take a housing loan exemption for deduction from my salary on the interest and principal.

Experts, please advise and guide.

17 June 2021 Yes, you can avail housing loan exemption and dedication.

17 June 2021 Yes you can avail the exemption.


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