Tax

as per sec. 24 if the housing loan is taken for the construction of house on or after 1-4-99 and construction is completed within 3 years than the deduction sall be aalowed upto rs.150000/- otherwise the deduction will be 30000/-

and in any  case deducation it can exceed from 150000/- in case of self occupied.

in the act there is nohting provided for the years for which dedction shall be allowed. so it should taken upto the year of repayment of loan.