Am a salaried employee and want to take Land Loans for purchasing lands for appreciations..Will i get tax benifit same as home loans.Pls provide with with the details persists in india.
CITI bank, ICICI,HDFC and some other banks are offering loans for purchasing plots.
I reckon yes, but it will better if u consult with ur bank
I doubt,whether a bank does give a loan to buy a land??
ARE U SURE? If yes, i am also interested!!!
Ya its comes under 24D same as house loan
I do not reckon so.
The loans given by banks for the buy of plots are predestined for the construction of house on it. They will not give any loan for just land/plot buy.
Absolutely No. no tax subsidy will be there for it. I am 100% sure