Housing loan availed outside india, house purchased in india

Mehul Bhanushali (CA in Practice) (174 Points)

25 April 2014  

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.