[aaykarbhavan] Query regarding interest paid on housing loan

Sir,

I have a querry regarding interest paid on housing loan. Suppose an assessee pays Rs. 315000 as housing loan interest during a financial year. Then he gets a deduction of Rs. 150000 as interest from house property. So now my querry is whether can the assessee capitalize the balance interest of Rs. 165000 and add it to the cost of house, so that he can save tax on capital gain at the time when he sells the house property.

Regards,

Arpit

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