May 16, 2014 9:45 am
Can we claim Loan (100% or 60%) from bank against fixed deposit for buying residential plot ?
Dear Venu, the answer is NO.
Dear Venu, yes your mother can take upto 90% of her FDs as loan or overdraft. What type of tax benefit here you are asking for? What’s in your mind, please share?
Dear Ashal thanks for reply.
Can you kindly clarify me,
1) can we get tax rebate (benifit) on Loan Principal paid.
2) can we get tax rebate (benifit) on Loan interest paid.
On buying a residential land (plot).
If yes,then how much?
Thanks in advance.
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