02 August 2011
1. I took a House Building loan of Rs. 15 lakh in Jul 2007 from SBI for a House Property whose cost was Rs. 20 lakh. 2. So I took a subsequent loan of Rs. 5 lakh for the same House Property in Aug 2009. 3. I got the possession of the property in Jul 2011.
My query is that :-
what will be my Capital Borrowed date Jul 2007 or Aug 2009 ?
Can I claim Loss from House Property upto Rs. 1.5 lakh or Rs. 30000 only ?
Kindly advise & reply its urgent for filing my ITR. Thanking in anticipation..
CAclubindia
