Dear Members,
One of my client has purchased a plot in Indore. He has taken housing loan for the same. However he intends to avail benefit of deduction u/s 24 of house property. Can He do so and no construction is being done on the plot.
And if he does start construction this year, he do not intend to avail loan from bank or any other instituition. How can he avail benefit of deduction u/s 24 regarding house property.
Property will be kept vacant or let out. Anyway it won't be self occupied. 2 years have elapsed after loan is taken.Please advice.
CAclubindia
