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Claiming tax exemption on home loan for buying a plot., Income Tax |
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Claiming tax exemption on home loan for buying a plot. |
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I have taken a home loan to purchase a open plot.I have not yet started construction of the house on this. Can I claim tax exemption for the principal and interest amount I am paying to re-pay the loan. Posts / Replies Showing Replies 1 to 1 of 1 Records Page: 1
The interest on Home Loan paid to the bank before the construction completed should be aggregated and shall be claimed the said amount in 5 instalments for five successive years from the year of completion of the construction. see the below link http://www.charteredclub.com/tax-benefit-on-home-loan/ Page: 1 Old Query - New Comments are closed. |
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