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Intrest Examption on Personal Loan Taken for Plot

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Querist : Anonymous

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Querist : Anonymous (Querist)
08 February 2011 Dar Experts,

i have taken a personal loan for a Plot and i have not done any kind of construction on this plot and it is still in shape of Plot. on this loan i am paying interest amount with my monthly EMI.
Can i get any kind of tax exemption to save my Tax liability.

Please advise.

Regards

Ravinder
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Guest (Expert)
08 February 2011 No deduction and exemption.

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