Housing loan interest benefit-land and built up area.

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

02 September 2013 Hi,

Is there any condition to avail housing loan interest benefit with respect to Land & built up area.
For example loan taken for purchase of Land 2400 sq ft out of which built up area 300 is sq ft is planned.

Will housing loan interest benefit available for entire portion (Both land & Building)

Regards
K.Madhusudhanan

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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03 September 2013 For claiming interest deduction u/s.24b,there should be house built, but there no proportionate calculation between house and land, so you can claim interest u/s.24b

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