banner_ad

Interest on housing loan

This query is : Open 
Profile Image

Profile Image

(Querist)
11 June 2017 can interest paid on housing loan be considered in cost of acquisition while computing capital gains from sale of such property in future?
Profile Image

CA Rashmi Gandhi

Profile Image

CA Rashmi Gandhi (Expert)
11 June 2017 Interest can't be form part of cost of acquisition.
Profile Image

jainam

Profile Image

jainam (Querist)
11 June 2017 Thank you mam for your instant reply. however, can you please elaborate as tp why it cannot be claimed as it is incurred to acquire a clear title of property
Profile Image

CA Rashmi Gandhi

Profile Image

CA Rashmi Gandhi (Expert)
11 June 2017 Deduction for Interest on housing loan is already allowed as deduction in house property
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI
ChatGPT Perplexity Claude Google AI Grok

CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details