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
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Housing loan eligibility on gifted property
Replies (3)
Quick Summary
Yes, once gifted the receiver becomes owner of the land.
Claim deduction for principal and interest.
Thanx
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