Suppose i took a home loan of 10 lac from any financial institution but not used for buying any property...
Can i claim deduction u/s 24(b) for interest paid and 80c for repayment of capital
case 1 If salaried
case 2 If doing business
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Deduction of interest/capital home loan but not used for property buying
Replies (2)
unless otherwise you invest the home loan in either purchase or construction of house you call claim neither of the deductions
as long the amount of loan spent towards house property construction purchase or repairs (30k)
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