Hp sold in 12-13- can claim dedn u/s. 24b ??
This query is : Resolved
CA Abhishek Singh
(Querist)
29 March 2013
Hello everyone,
one of my client has sold a house property in fy 11-12. He has paid interest Rs.190000/- in the fy 11-12.
My question :
Can we claim deduction under section 24b in the fy 11-12 ?
thanks in advance
waiting for the views of the experts.
one of my client has sold a house property in fy 11-12. He has paid interest Rs.190000/- in the fy 11-12.
My question :
Can we claim deduction under section 24b in the fy 11-12 ?
thanks in advance
waiting for the views of the experts.
Dintakurthi Tirumala
(Expert)
29 March 2013
Yes, he can claim deduction u/s 24(b). In case of self occupied property upto maximum of Rs.1,50,000 only in case of let out property unlimited.
To claim deduction u/s24(b) main important is interest has to be accrued in Housing loan interest account. So you can claim it.
OM SAI SRI SAI JAI JAI SAI
To claim deduction u/s24(b) main important is interest has to be accrued in Housing loan interest account. So you can claim it.
OM SAI SRI SAI JAI JAI SAI
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