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Contuction loan
sir I have one plot and now I want to contuction in this land for personalclear use. but my bugget is very high and now I want to take a loan housing loan. in that situation how can I take exalted emi principal and interest. remember that its personal okk plzz gives me direction
Replies (1)
Interest paid during construction period over housing loan is allowed to be deducted (u/s. 24b) in five equal installments, from the year when completion certificate is obtained.
Principal over loan can be deducted u/s. 80C from the year when house is ready for occupation.
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