Tax exemption for personal loan

POSTED BY sateesh89 ON October 29, 2012 3:17 pm COMMENTS (2)

Hi,

I have taken home loan and started house construction. Now, as project cost increased; i have taken a personal loan to complete the house. this personal loan is from Citi Bank. Can i consider the personal loan amount for tax exemption as i am using the same for house construction.

 

Thanks in Advance

Sateesh

2 replies on this article “Tax exemption for personal loan”

  1. BanyanFA says:

    Apologies – that is not subject to exemption.

  2. Biswa Singh says:

    Not at all.

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