16 April 2018
Query for A.Y. 2018-19 ●I have taken mortgage loan against land(Asset A) of 700000 @10.80% for construction of another house property (Asset B ). ●Construction has been completed within 1 year from the date of loan taken. ●The amount of loan was only used for construction of house property. ● Now i am generating rental income of 30000 per month from Asset B. ●Whether am i eligible to claim deduction u/s 24 for interest repayment and deduction u/s 80C for principal repayment.
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