banner_ad

Deduction u/s 24b of interest paid on loan

This query is : Resolved 
Profile Image

Profile Image

(Querist)
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
Profile Image

RAJA P M

Profile Image

RAJA P M (Expert)
29 July 2017 No.... It's not available.... Which FY you file the particular AY is allowed deductions...
Profile Image

sanjay

Profile Image

sanjay (Querist)
29 July 2017 Sir
Why I don't understood. Pl clarify in detail.
Regards
Profile Image

Dhirajlal Rambhia

Profile Image

Dhirajlal Rambhia (Expert)
18 October 2021 Foremost condition is that the possession should be received within 5 years from sanction of loan.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details
Company
11 May 2026
AUDIT INTERN

M/S K.K.KHANNA AND COMPANY

Noida

CA Foundation

View Details
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
14 May 2026
ICSI Trainees for 21 Months and Semi-Qualified CS

CMNITY HIRE

New Delhi

Others

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details