House property
Sukant Barua (2 Points)
27 February 2017Sukant Barua (2 Points)
27 February 2017
Rahul Patidar
(student)
(70 Points)
Replied 27 February 2017
Hi,
Interest paid on home loan upto the possesion of property is deductiable under Income from House property head.
You can take benefit of this in 5 installments(In 5 years equally) from the year of possesion (2016-17).(Total interest upto possesion/5).
GST Live Certification Course (39th Batch) - April 2024 (Weekend Batch) (With Certificate)
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"