house loan interest part consideration
This query is : Resolved
sumit khare
(Querist)
22 July 2010
i have taken a home loan in sep 2009 & got the possession of the home in 1st jan 2010, as per IT rules i can take interst part rebate only after possession i.e. from 1st jan 2010 to 31st march 2010 , for prepossession interest part i.e. from sep 2009 to 31st 2009 rebate can be taken in 5 equal installments in cosequtive financial year . how & where it is to be filled in ITR2 form (for filing return for FY 2009-10 . )
22 July 2010
i am afraid that ur understanding is not correct
after the last date of the financial year immediately preceeding the date of completion or acquisition the interest can be claimed in the year of acqusition.
ie in ur case u can claim it as current year interest from 1st april 2009. only int til 31st march 2009 would be prior period interest which would not be applicable in ur case
after the last date of the financial year immediately preceeding the date of completion or acquisition the interest can be claimed in the year of acqusition.
ie in ur case u can claim it as current year interest from 1st april 2009. only int til 31st march 2009 would be prior period interest which would not be applicable in ur case
sumit khare
(Querist)
22 July 2010
thanx a lot for ur valuable reply . it means that i can claim full interest from sep 2009 to 31st march 2010 .please tell ,for ITR2 form enclosure , apart from bank certificate for deductions do i have to enclose possession letter from builder
23 July 2010
no need for any enclosure for ITR... but ppl do cont to annex enclosure and the bank certificate wil do
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
- Accounting treatment of AMC alongwith the purchase of Laptop
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Transfer of Physical Stock Between Two Proprietorship Concerns
- Taxation of crypto futures in India Fy 2026- 2027
- EPF ECR NEW RULES Sep 17th 2026
- Issuing of delivery challan by seller of goods
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
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
