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RESIDENT PLOT LOAN INTEREST

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(Querist)
07 May 2021 Dear Expert

Kindly advise i have purchased on Plot with Bank loan, and i am going to construct the house in comming months, can i avail the Income tax benefit for 2020-21 and 2021-22.

Kindly advise.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
07 May 2021 You can avail the benefit after completing the house. Accumulate the interst and claim it over a period of 5 years after completion.

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