Section 24 - interest on capital borrowed on house property

aishwarya (CA Practice ) (32 Points)

06 August 2015  

Hi

 

My father had got a loan to renovate (4 walls of the house remains, the complete interior, rooms was demolished and new rooms were constructed in the house).

The interest is around 2.5l the said property is let out. What i would like to know is can he claim full deduction under income from house property.

our auditor had advised this cannot be claimed under section 24 as renovation was not included in the said section.

can we claim this in Ay2014-15 and Ay2015-16?

 

thanks

aishwarya