Interest u/s 24(b)
This query is : Resolved
CA Suraj Prasad Shaw
(Querist)
19 December 2012
Whether interest on loan taken from relative is claimed as deduction u/s 24(b) of Income tax act 1961, under the head income from house property. Whether interest claimed will be disallowed if the property for which deduction is claimed is sold within 2 years of purchase of the property. Please provide the case laws also.
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19 December 2012
hi
there is no such provisos if int is claimed as deduction u/s 24.
If it is claimed u/s 48 then there is restriction on sale of house property.
Thanks//Vaibhav
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there is no such provisos if int is claimed as deduction u/s 24.
If it is claimed u/s 48 then there is restriction on sale of house property.
Thanks//Vaibhav
Revert for more clarity.
Click thank button to convey your appreciation.
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