Some banks provide provisional statements regarding Consumption Loans for purchase/construction/repair/renovation/addition/alteration , indicating principal component receivable and interest chargeable on such account during the FY Apr. 01 to Mar. 31 without mentioning the date of disbursement of loan, stage of construction,date of possession, status of occupancy etc
Shall such consumption loans qualify for rebate u/s 80C and u/s 24(b) of IT Act? How and in what proportion? Please favour with exlainatory comments.
With regards
