House property
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 June 2017
Sir,
Our Client has bought a land and constructed a House on it. He has taken a House loan. Within the same year he has sold the property.and also has repaid the entire house loan.
we are taking the capital gain part.
but can we claim the 80 c deduction for the repayment and 24(b) for the interest on borrowed capital?
Our Client has bought a land and constructed a House on it. He has taken a House loan. Within the same year he has sold the property.and also has repaid the entire house loan.
we are taking the capital gain part.
but can we claim the 80 c deduction for the repayment and 24(b) for the interest on borrowed capital?
22 June 2017
Yes you can claim deduction of repayment of housing loan.
22 June 2017
80C and 24(b) cannot be claimed since the house is sold out.
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