Deduction u/s 24b of interest paid on loan
This query is : Resolved
28 July 2017
Hello
Sir
It is regarding the claiming of per-construction interest paid on home loan.
The possession of flat has been received in May 2015.
The Loan was taken in 2009 and the loan has been repaid in the year 2013 before getting possession.
Now my question is:
Whether I can claim the interest portion in my return for the assessment year 2017-18 and upto 5 years or not. The interest portion which I paid is Rs.8.94 lac.
According to my knowledge I can claim 1/5 every year upto 5 years. I don't Know I am, right or wrong pl advise.
I have to file return.
Regards
Sir
It is regarding the claiming of per-construction interest paid on home loan.
The possession of flat has been received in May 2015.
The Loan was taken in 2009 and the loan has been repaid in the year 2013 before getting possession.
Now my question is:
Whether I can claim the interest portion in my return for the assessment year 2017-18 and upto 5 years or not. The interest portion which I paid is Rs.8.94 lac.
According to my knowledge I can claim 1/5 every year upto 5 years. I don't Know I am, right or wrong pl advise.
I have to file return.
Regards
29 July 2017
No....
It's not available....
Which FY you file the particular AY is allowed deductions...
18 October 2021
Foremost condition is that the possession should be received within 5 years from sanction of loan.
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