INCOME FRM HOUSE PROP.
This query is : Resolved
21 January 2011
my colleague has sold a property during the month of october 2010. He has paid Interest to Bank upto October 2010.
Now he wants to claim Interest benefit for his sold house as Self occupied property since he has paid Interest during the year.
In similar case the interest can be considered or the Capital gain/loss can be considered?
an advice in this regards is highly appreciated.
regards
A K Sarma
Now he wants to claim Interest benefit for his sold house as Self occupied property since he has paid Interest during the year.
In similar case the interest can be considered or the Capital gain/loss can be considered?
an advice in this regards is highly appreciated.
regards
A K Sarma
21 January 2011
Interest to be claimed u/s 24
Interest will not be considered for capital gains.
Interest will not be considered for capital gains.
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