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
Menu
Housing loan eligibility on gifted property
Replies (3)
Yes, once gifted the receiver becomes owner of the land.
Claim deduction for principal and interest.
Thanx
Recent Topic
- Set off of LTCL against STCG under section 536(2n)
- Audit Workflow tool
- Is CA through direct entry easy for a commerce stu
- Dividend and withholding tax - DTAA- RSU
- NRI Query: Capital Gains Tax Exemption under Secti
- Royalty payment to UK
- Calculate ITR2 tax with equity and non equity prof
- LTCG on residential property sale - Rebate?
- TDS MISMATCH AND AIS
- Return filing for intervening period upto date of
Related Topics
CAclubindia
