Revision of Income from house property for AY 2024-25 - DT ||CA inter || CMA inter || CS executive

[@mr.rahulvirat330]

Hi,
Whether interest on personal loan taken and exclusively spent for house construction is allowed as deduction?

[@Tejeshwinichiranjeevi]

Yes , capital borrowed should be spent on acquiring or construction of house property for interest to be eligible for deduction
Yes int on personal loan taken for house construction is allowed as deduction