Mortgage loan interest can be adjust in income tax return

This query is : Resolved

vaithy (Querist)
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07 January 2013 Dear sir,

please clarify.

i have taken mortgage loan from the bank.for construction and marriage purpose.

my doubt is that can i adjust mortgage interest in my income tax adjustment.

please clarify.

Guest

Guest (Expert)

07 January 2013 No benefit available of such loans.

vaithy

vaithy (Querist)
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08 January 2013 i what the clarification under section 24 in income tax act, about mortgage loans

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Guest

Guest (Expert)

08 January 2013 The Interest benefit available u/s 24 is on loan which is taken for the construction of house not on loans which are taken be nortgaging the house.