Exemption u/s 24 for home loan
This query is : Resolved
02 February 2009
Dear Sir
Please advice whether I should allow deduction under Sec 24 towards intrest on Home Loan if the assesee has taken a Home Loan & has started paying his EMI but has not got possession of house in curent financial year. The assessee is currently residing in a rented house & claiming HRA also.
For Principle amount he is claiming deduction u/s 80 C.
Regards
Satyam
Please advice whether I should allow deduction under Sec 24 towards intrest on Home Loan if the assesee has taken a Home Loan & has started paying his EMI but has not got possession of house in curent financial year. The assessee is currently residing in a rented house & claiming HRA also.
For Principle amount he is claiming deduction u/s 80 C.
Regards
Satyam
02 February 2009
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