Construction on owned land

Hi All, 

We are planning to do construction on  jointly owned land by giving GPA to one person .

For smooth flow of operation we are planning to take loan / sale of share in building .

What is better option from Tax point of view. 

Replies (1)
taking loan can give you tax benefit of interest paid on loan since you wud be using the same for your business.
what sale of share are planning?

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