Interest under section 24
vidya kini (CA Practice ) (107 Points)
04 February 2016vidya kini (CA Practice ) (107 Points)
04 February 2016
Gourav
(44)
(70 Points)
Replied 04 February 2016
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.
Rahul Patidar
(student)
(70 Points)
Replied 04 February 2016
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.
Vishal Goel
(Chartered Accountant)
(1688 Points)
Replied 05 February 2016
Hello,
File revised return of AY 13-14 & 14-15 & claim interest...
srikumar
(audit staff)
(1203 Points)
Replied 06 February 2016
srikumar
(audit staff)
(1203 Points)
Replied 06 February 2016
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