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Re: House construction within 2 year of loan sanction
Posted: September 22nd, 2011, 6:21 pm
by prakashbask
As per the IT laws, you will not be able to claim tax exemption on pure site loans.
Re: House construction within 2 year of loan sanction
Posted: September 23rd, 2011, 10:15 am
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.
Re: House construction within 2 year of loan sanction
Posted: September 23rd, 2011, 1:15 pm
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