Deduction u/s 24b of interest paid on loan
This query is : Resolved
24 July 2017
Hello All
I want to confirm that
If I have possession of residential property and I am getting constructed on taking loan from bank. Can I claim deduction of interest paid on home loan for the assessment year 2017-18.
The loan is taken in Dec 16.
Pl confirm as I have to file return.
Regards
I want to confirm that
If I have possession of residential property and I am getting constructed on taking loan from bank. Can I claim deduction of interest paid on home loan for the assessment year 2017-18.
The loan is taken in Dec 16.
Pl confirm as I have to file return.
Regards
24 July 2017
You can claim deduction for Interest and also Principal amount.
You can take benefit on after start your EMI. Bcoz., you get loan on Dec 16 but, EMI is after April you can claim AY 2018-19.
You can take benefit on after start your EMI. Bcoz., you get loan on Dec 16 but, EMI is after April you can claim AY 2018-19.
25 July 2017
(sir EMI also starts in Jan 17)
Yes you can claim Interest on your loan's repayment amount AY 2017-18. And you can receive Interest certificate from your bank (loan)
Yes you can claim Interest on your loan's repayment amount AY 2017-18. And you can receive Interest certificate from your bank (loan)
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