INTEREST ON HOUSING LOANN

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Even if you've missed the 31st July deadline, you may still be able to claim deductions for interest paid on your housing loan. This is possible under the old tax regime for income from house property. The benefit of negative income can still be availed, allowing you to claim the interest exemption after the original due date for filing your tax return.

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(Querist)
11 August 2022 Respected Sir,

Can we claim interest on housing loan on account of income from house and property even after the due date as the 31st July has gone? Whether still there is a chance to avail the benefit of the negative income?

PLEASE GUIDE ME AND OBLIGE.
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
11 August 2022 Yes, under old regime you are allowed to take the deduction under head IFHP, even after due date of filing u/s. 139(1) of the act.
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CA Rashmi Gandhi

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CA Rashmi Gandhi (Expert)
11 August 2022 You can allow exemption of interest on House loan after due date also
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