The Assessee for the A. Y. 2014 - 15 has availed a housing Loan from Outside India, but the Loan is utilised to Purchase the Property in India.
So the question is whether the Interest & Principal Amount paid for the housing loan will be available for deduction u/s 24 & 80C Respectively.
It needs to be properly determined whether the same is permitted under FEMA.
I doubt........
Anuj
femaquery @ gmail.com
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