https://www.taxtmi.com/forum/issue?id=3535 Interest on borrowed capital used to construct or acquire a self-occupied house is deductible from house property income, but no interest deduction is allowable while the property is under construction; interest deduction becomes allowable after completion. Repayment of principal on a private loan is not deductible, except that a repayment-related deduction is available only where the loan is granted by a public sector company or a government authority providing long-term finance. en-us Sat, 05 Nov 2011 17:29:46 +0530 Thu, 23 Jan 2025 15:58:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=3535 Interest on borrowed capital used to construct or acquire a self-occupied house is deductible from house property income, but no interest deduction is allowable while the property is under construction; interest deduction becomes allowable after completion. Repayment of principal on a private loan is not deductible, except that a repayment-related deduction is available only where the loan is granted by a public sector company or a government authority providing long-term finance. Discussion-Forum Income Tax Sat, 05 Nov 2011 17:29:46 +0530 https://www.taxtmi.com/forum/issue?id=3535