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Disallowance from Income from House Property

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(Querist)
24 March 2010 Hi..........

Is there any provision under income tax law that if house sold within three years then invested amount in that hosu can be disallowed
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sivadas chettoor

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sivadas chettoor (Expert)
24 March 2010 No such provision except in the area of capital gains...please make your question clear....
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
24 March 2010 Also there is a restriction of 5 years in section 80C(5)(iii) read along with section 80C(2)(xviii). Kindly check the sections in www.incometaxindia.gov.in and see whether your query fit into that section since the query need clarity.
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