If an individual gets housing loan to construct a house and once the construction is over he sold the house and repaid the housing loan. Here in this case, whether the interest paid on housing loan can be deductable in IT?
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Housing loan interest claim
Replies (3)
No
less interest on HBA show in form 16
where is show
B2. TYPE OF HOSUE PROPERTY
(v). Interest payable on borrowed capital
OR
EXEMPT INCOME (FOR REPORTING PURPOSE)
iv. ANY OTHER??
where is show
B2. TYPE OF HOSUE PROPERTY
(v). Interest payable on borrowed capital
OR
EXEMPT INCOME (FOR REPORTING PURPOSE)
iv. ANY OTHER??
interest on HBA show in form 16
is shown at B2. TYPE OF HOSUE PROPERTY
(v). Interest payable on borrowed capital
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