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Interest under section 24
If the Interest u/s 24 has not been claimed for deduction in the A.Y 13-14 and A.Y 14-15, can that be claimed in the A.Y 15-16??
Replies (5)
From my understanding
If the assessee has not claimed the interest in the earlier year then he can show it as a loss from house property and adjust it from the income.
Interest u/s 24(b) of the Income Tax Act,1961 can be claimed if it is paid in PY and If property is under construction you can claim interest paid in that period after construction in 5 equal installments in 5 AY.
Hello,
File revised return of AY 13-14 & 14-15 & claim interest...
No way to claim section 24. Not possible to file revised return date was expired.
Only ay 2014-15 file revised return not for 13-14
No way to claim section 24. Not possible to file revised return date was expired.
Only ay 2014-15 file revised return not for 13-14
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