05 July 2014
Dear Experts one should purchase vacant site against Bank Loan. The Interest paid towards the Loan is got exempted u/s 24(b) or not. Please advice me. Thanks In advance.
05 July 2014
Interst paid for mere site will not eligible for 24(b) deduction . . but the same will be available after assuming possessing of housepreoperty constucted in that site . . so as of now you cant get any deduction for that
CAclubindia
