What is the provision for interest on house building advace
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 August 2013
sir,
My client is working in Indian Army. He took House Building Advance. can he take benefit of interest on house building advance under income from house property (sec.24) which is deducted from his advance.
thanks
My client is working in Indian Army. He took House Building Advance. can he take benefit of interest on house building advance under income from house property (sec.24) which is deducted from his advance.
thanks
09 August 2013
int should be paid in current year and for that he needs to pay in relation to loan for construction or purchase of house property.
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