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Simple question about Housing Loan excemption in income tax

Others 243 views 4 replies

Hello

I have a simple doubt. I need to construct a house but land is registered in my wife's name. I need to take a housing loan.

 

So please let me know, can i get the tax excemptions for housing loan principal in EMI if i constructed using housing loan.

 

thanks in advance

 

thilag

Replies (4)
Yes land and building are different assets

`Yes',means  i can get the tax excemptions for housing loan principal in EMI. Please confirm.

Yes you can get the exemption u/s 80C subject to limit of Rs. 150000

Thank you Aditya.

 

I have another doubt. Land and building is different assets, land is registered and documented using the registration document. Then to register or document a building.

 

Thanks again


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