27 January 2014
Dear friends, I have one query about home loan that recently i constructed a house with money borrowed from my relatives,because of interest burden is high now i want to take a home loan.shall i eligible to take home loan after construction also? if possible, shall i claim deductions under sections 80c, 80EE, 24(B). And what are the required documents for taking home loan to the addition of last 2 years ITRs.
Registration is though compulsory, however if you satisfy Make payment & get possession then it is also considered as sale of property as per Transfer of Property Act. However Bank will require complsory registration
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