I am a salaried person, I want purchase a plot of land by taking housing loan from SBI. After 1 or 1.5 year from purchase this plot of land I will construct a residential house for self occupation, now my question is that can I claim both the deduction u/s 80C & 24 just after the purchase of plot of land ?????
If not please tell me that from where I will eligible to claim both the deduction......
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Deduction u/s 80C & 24 of IT Act
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"Can I claim both the deduction u/s 80C & 24 just after the purchase of plot of land?"
NO.......
"If not please tell me that from where I will eligible to claim both the deduction?"
After completion of the house property....
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