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regarding deduction of interest

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(Querist)
03 February 2010 Sir,
If the amount of personal loan taken is utilized towards purchase of house property, then the amount of interest and principal will be allowed u/s 24 & 80C respectively or not?
Please advice me.
Regards
sharwan mishra
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CA RAMESH KUMAR AHUJA

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CA RAMESH KUMAR AHUJA (Expert)
03 February 2010 No
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CA Ravi Sisodia

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CA Ravi Sisodia (Expert)
03 February 2010 no
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
03 February 2010 no

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