Claiming of deduction u/s 24b
This query is : Resolved
13 July 2019
Hello All
I want to know that:-
I got completion certificate of property which I built for my residential purpose Jan 2019. Can I claim deduction of Rs200000/- u/s 24B for the A.Y 2019-20?.
Property is in my possession from 2014.
Pl advise.
Regards
I want to know that:-
I got completion certificate of property which I built for my residential purpose Jan 2019. Can I claim deduction of Rs200000/- u/s 24B for the A.Y 2019-20?.
Property is in my possession from 2014.
Pl advise.
Regards
14 July 2019
Since you are the owner from January 2019 ,interest payable from January to March 2019 plus 3/4th of 1/5 th of the interest prior to January 2019 or Rs. 2,00,000/- which ever is less can be claimed under 24(b) in Assessment year 2019-20.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS Challan - change of FY 2025-26 to TY 2026-27
- Gst registered proprietorship firm
- AUDITOR APPOINTMENT FOR THE YEAR ENDING MARCH 27
- Non filing of I T Returns
- UDIN ISSUE
- TDS on Fixed Assets purchased
- GST Intimation due to Government took possession of Business Premises under PPE Act
- TDS on purchase of under construction property from a reseller
- SALARY CAN BE CAPITALIZE
- GST on Renting godown to KFCSC for Storage of Raagi
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Starting trading business
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
