Home loan interest exemption
This query is : Resolved
10 November 2012
I got possession of my flat in accounting year 2009-10 on which I had taken Bank Loan. It was put on rent and had never been used for self stay. Since that year I was claiming Interest Paid during the year + 1/5th of interest paid during construction period under section 24(b). I have sold the flat in June 2012 after prepayment of loan. Can I claim the interest paid for Apr'12 & May'12 ? What about 1/5th Interest of construction period?
10 November 2012
You can claim interest for the period mentioned.
.
You can also claim 1/5th of the pre-construction period interest.
.
You can also claim 1/5th of the pre-construction period interest.
10 November 2012
Sir, 1/5th of the interest will be appropriated for 2 months of this year Or 1/5th for the whole year?
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CAPITAL GAIN REDEVELOPED FLAT
- Multiple payment of self assessment tax for A Y 2025-2026
- Requirement under FEMA &RBI
- CLOSING STOCK QUERY
- REGARDING ITR FILING QUESTION
- DUE DATE FOR ITR FILING
- Sale of Mutual Funds In Diffirent Financial Years
- Query regarding Item 61/62/63 vs Item 64 in ITR-3
- GST ISD Query on various AMCs
- Query regarding TDS on EPFO Higher Pension Arrears- under wrong section
- WHERE I SHOW GST 0% INVOICE IN GSTR1 (EITHER TABLE 7 OR TABLE 8)
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
- CPC and SAC
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
