Claiming tax exemption on home loan for buying a plot.

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....laiming tax exemption on home loan for buying a plot.<br> Query (Issue) Started By: - Gangadhar Bodla Dated:- 3-4-2015 Last Reply Date:- 3-4-2015 Income Tax<br>Got 1 Reply<br>Income Tax<br>I have take....

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....n a home loan to purchase a open plot.I have not yet started construction of the house on this. Can I claim tax exemption for the principal and interest amount I am paying to re-pay the loan. Reply B....

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....y murthy karumuri: The Reply: The interest on Home Loan paid to the bank before the construction completed should be aggregated and shall be claimed the said amount in 5 instalments for five successi....

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....ve years from the year of completion of the construction. see the below link http://www.charteredclub.com/tax-benefit-on-home-loan/<br> Discussion Forum - Knowledge Sharing ....