For DDA Housing scheme 2010 we have paid 4860 (Bank Interest=4125 and Charges=735) on Rs. 1, 50,000 Earnest Money Finance. Do we get tax rebate against the same?
asked Mar 17 '11 at 01:05 by Ajay Moudgill 1●1●1●1
No rebate will be available for the same. Housing loan interest and principal exemption is available when house is self-owned and possession is received.
answered Mar 17 '11 at 15:54 by pankaj 5.0k●3●17