hi all,
Could some help me out on Housing loan taken for under construction building or apartments are eligiable for Tax savings.
If no, please give some explantion with section
Thanks
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Housing loan elgible
Replies (2)
Interest paid till construction will be cummulate and same will be claimed in five equal installment.
Interest paid after construction period can be claimed on annual basis.
Refer sec.24(b) of IT Act
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