interest on home loan

abid (accountant) (169 Points)

30 November 2007  

hi,


I am feeling sensational knowing that CPT result to be declared after 1 an hour.


well hope all the deserbed candidate should pass with excellent marks.


Actually i have a problem whether interest on loan taken for home construction will be taken into consideration while the home construction  has been completed even the installment has being  paid yet .and how much interest can be considered  in a year as a deduction under house property .



Thanks & Regards
Abid