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Sec 24b (house property) (Income Tax)

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This query is : Resolved



( Author )
03 January 2012

Whether interest on borrowed capital allowed as deduction u/s 24b for the construction of a house will be disallowed when the house is sold


Siddhartha Bhardwaj

( Expert )
03 January 2012

No, the interest will not be disallowed. There is no such provision in the Income Tax Act.


CA Navin Jain

( Expert )
03 January 2012

Agree, there is no provision in income tax.


CA Navin Jain

( Expert )
03 January 2012

Agree, there is no provision in income tax.


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