banner_ad

House property

This query is : Resolved 
Profile Image

Profile Image

(Querist)
27 July 2014 If housing loan is taken in the year 2012-2013 for d purchase of residential house...n repayment istallments have been paid including interest till now...bt possession n ownership deed is received in the month of may 2014......will Interest exemption b availed as per section 24b,..n is deduction under 80 c n 80 ee applicable...for d A.Y 2014-15??
Profile Image

Nikhil Kaushik

Profile Image

Nikhil Kaushik (Expert)
28 July 2014 interest upto 31 March 2014 needs to be accumulated and claimed as deduction in five equal installments starting FY 2014-15 (AY 2015-16).

In my opinion, the same should apply to 80C. However, 80EE deduction should be allowed, as there is no restriction placed on the pre-construction interest therein.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!


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
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details