Claiming of interest on houseloan

Tax queries 116 views 1 replies

Hi Fnds 

I have a doubt, I want to Share with You Fnds

I have House Property(have 2floor) From Where i am earning Rent Income.

6 month Back i took a Loan From Bank for Constuction of 2 more floors

i am Paying Interest on that Loan amount.

Can I Claim deduction U/s 24(b) on Construction Period.

Replies (1)

No because there is no property in existence relating to the loan being using for...


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