17 December 2009
If the assessee has taken loan for a plot, then whether he is entitled for deduction for principal as well as interest payment of loan ? Principal repayment Deduction u/s 80C and interest on HSg loan U/s 24 ?
Deduction u/s 80C narrates house property while deduction u/s 24 narrates property for the said deduction .
CAclubindia
