House construction within 2 year of loan sanction

Post Reply
prakashbask
Posts: 41
Joined: January 15th, 2010, 5:34 pm

Re: House construction within 2 year of loan sanction

Post by prakashbask »

As per the IT laws, you will not be able to claim tax exemption on pure site loans.
Top
jackalbda
Posts: 371
Joined: May 5th, 2009, 9:55 am

Re: House construction within 2 year of loan sanction

Post by jackalbda »

Mere housing loan does not qualify you to claim the IT rebate. For that, you need to have the possession certificate of the house. In short, with site loan , housing loan benefit is a big NO-NO.
Top
GopalSumukha
Posts: 35
Joined: March 17th, 2010, 1:58 pm

Re: House construction within 2 year of loan sanction

Post by GopalSumukha »

Prakash / Jackalbda,
Thanks for the prompt response...
I have conveyed your feedbacks to my frnd and he thanks you guys for the immediate response......

Thanks again....
Gopal
Top
Post Reply

Return to “Non Real Estate”