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Deduction u/s 24(b)

This query is : Resolved 
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(Querist)
08 February 2013 Sir, if i sold the house in the same year of purchase by taking loan can i add interest paid on loan in cost of house property while computing capital gain?

Also tell me in detail why int. cannot be claimed u/s 24(b)?
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CA PARAS BAFNA

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CA PARAS BAFNA (Expert)
08 February 2013 Interest can be claimed U/s 24(b) and that's why it can not be added to the cost of acquisition while computing Capital Gains.
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