Deduction u/s 24(b)
This query is : Resolved
CA Monika Jain
(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)?
Also tell me in detail why int. cannot be claimed u/s 24(b)?
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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