Ded. of intt. and repayment of principal for housing loan
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 May 2014
SIR, IF A PERSON HAS TAKEN A HOUSING LOAN FOR
PURCHASE OF HOUSE PROPERTY AND REPAID THE H.LOAN WITHIN ONE YAER OF TAKING THE IT AND ALSO SOLD THE HOUSE PURCHASED WITH SUCH LOAN. WHEATHER DED. FOR REPAYMENT U/S 80C AND INTT. U/S 24 WILL BE ALLOWED TO HIM.
PURCHASE OF HOUSE PROPERTY AND REPAID THE H.LOAN WITHIN ONE YAER OF TAKING THE IT AND ALSO SOLD THE HOUSE PURCHASED WITH SUCH LOAN. WHEATHER DED. FOR REPAYMENT U/S 80C AND INTT. U/S 24 WILL BE ALLOWED TO HIM.
Harsha goyal
(Expert)
10 May 2014
Yes deduction can be claimed.
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