Int on house building loan
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
06 January 2015
in case of self occupied property if the interest is not paid, whether the int is allowed for deduction u/s 24 (b)
CMA Ramesh Krishnan
(Expert)
06 January 2015
Section refering the interest payable. so it is accrual basis. you can claim even not paid also
CA R SEETHARAMAN
(Expert)
06 January 2015
It is allowed on accrual basis.
06 January 2015
yes once loan is taken for house property but int is not paid but accrued then still on accrual basis it is allowed u/s 24(B)
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