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Housing loan

This query is : Resolved 
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(Querist)
27 March 2014 can an individual claim deduction of interst and principal paid in the financila year for housing loan taken for construction of a hotel

thanks in advance
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CA Surendra Bhatt (ACA,DISA)

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CA Surendra Bhatt (ACA,DISA) (Expert)
27 March 2014 Kindly note that, only those House properties which are not used for the purpose of Business & Profession are eligible for claiming deduction of Interest and Deduction under section 80C.
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pranav

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pranav (Expert)
28 March 2014 No he cannot take
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pranav

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pranav (Expert)
28 March 2014 No he cannot take

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