Tax rebate for Bank Interest and Charges paid against DDA Housing scheme 2010!

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?

Regards

Ajay Sharma

asked Mar 17 '11 at 01:05 by Ajay Moudgill 1111


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 Batra 5.2k320

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Asked: Mar 17 '11 at 01:05

Seen: 1,788 times

Last updated: Mar 17 '11 at 15:54