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Housing loan eligibility on gifted property

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I have a gifted property, of a piece of land.

I am planning to avail housing loan for construction on this gifted property.

May I know please, whether I am eligible to claim deduction in housing repayment principal and interest paid, as the land is gifted and construction by me

veteran please advise
Replies (3)

Yes, once gifted the receiver becomes owner of the land.

Claim deduction for principal and interest.
Thanx


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