deduction u/s 24 & 80C

This query is : Resolved 

29 April 2010 An assessee has taken a housing loan from his company in which he working and purchase a plot and paying installment of loan but he failed to construct the building. can he take the benefit of deduction under section 24 and 80C

29 April 2010 no

29 April 2010 he cannot take


29 April 2010 For claiming the benefit of interest on loan, building should be constructed with in 3 years. So in your case you cant take the benefit of Interest U/S 24(b)

29 April 2010 Agree with experts.

30 April 2010 NOT POSSIBLE



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