05 September 2016
I am Taken Loan For Purchase Of Plot For Residence Rs.15 Lacs Since F.Y. 2014-15. Please Tell I am Eligible For Deduction Of Interest And Repayment Of Housing Loan in detail...
07 September 2016
Sir Please I Am Reconfirmed The Above Query That I Am Purchased Only Plot And Neither Any Under Construct The House Nor Any Construction Completed Property.. Still i Am Able to Received Above Deduction Please Tell Me As Early As Possible.
07 September 2016
Hi , 1. Deduction towards the Interest on Housing loan u/s 24(b) & towards repayment of the principal portion of housing loan u/s 80C is available in respect of loan taken for purchase or construction of the house property. 2. The loan taken merely for purchase of plot would not be eligible for deduction, neither u/s 24(b) nor u/s 80C.
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