Can We claim Interest Deduction U/S 24(b) in the land Purchases
Housing loan interest u/s 24(b)
Suman Kumar Agrawal (Chartered Accountants) (226 Points)
01 August 2013
2 Replies
Devendra
(Chartered Accountant)
(4775 Points)
Replied 02 August 2013
No you cannot claim interest on purchase of Land.
CS,CA F,Numrologi TusharSampat
(CS CA F Numerologist Astrologer Graphologist Face reader Vastu Expert)
(85930 Points)
Replied 02 August 2013
if you have not taken loan for purchasing land then no deduction is allowed u/s 24(b).
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