Housing loan interest claim

If an individual gets housing loan to construct a house and once the construction is over he sold the house and repaid the housing loan. Here in this case, whether the interest paid on housing loan can be deductable in IT?

Replies (3)

No

  

less interest on HBA show in form 16

where is show

B2. TYPE OF HOSUE PROPERTY
(v). Interest payable on borrowed capital

OR

EXEMPT INCOME (FOR REPORTING PURPOSE)
iv. ANY OTHER??

interest on HBA show in form 16

is shown at   B2. TYPE OF HOSUE PROPERTY

(v). Interest payable on borrowed capital

 

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