Income from house porperty
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
25 March 2018
An assesse received the letter depicting Temporary Permission to carry out furniture work
in flat purchased subject to inter alia terms & conditions as below:
That flat is ready for occupation but we (builder from whom flat purchased) is yet to receive
occupation certificate From Municipal Corporation.
Please advise whether upon receipt of such letter, the deduction towards interest paid on
loan for purchase of this property can be claimed in determining the income from
house property
in flat purchased subject to inter alia terms & conditions as below:
That flat is ready for occupation but we (builder from whom flat purchased) is yet to receive
occupation certificate From Municipal Corporation.
Please advise whether upon receipt of such letter, the deduction towards interest paid on
loan for purchase of this property can be claimed in determining the income from
house property
26 March 2018
Vexed issue. Seems temporary permission can't be equated to acquisition of
property which is a condition to claim interest on loan.
property which is a condition to claim interest on loan.
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