banner_ad

Interest under sec 24(b)

This query is : Resolved 

28 November 2016 The assessee has two self occupied properties in the Same financial year.
The first property is occupied for the period 1st April to 30 th June.and this property has been sold and the entire loan is repaid against the property and later new property was purchased after 31st June and brought a new loan against the new property.
Please let me know how are the deductions available under 24(b) and 80c

30 November 2016 For the first self occupied house .....
Interest paid on home loan during April to June will be claimed u/s 24(b) for one self occupied house....and on repayment of such home loan , principal amount excluding such interest will be claimed u/s 80 C.
SAME PROCEDURE WILL BE APPLICABLE ON ANOTHER SELF OCCUPIED HOUSE PROPERTY AFTER DISPOSING FIRST HOUSE PROPERTY.


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro

Similar Resolved Queries


loading


Unanswered Queries



CCI Pro
Meet our CAclubindia PRO Members

Follow us
add to google news



Answer Query



Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
22 May 2026
Sr. Financial Analyst - Consolidation

Search Synergy

Mumbai

CA

View Details
Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details
Company
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details
Company
21 May 2026
Associate

PWC

Kolkata

CA

View Details
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details
Company
29 May 2026
Finance Head

Bhawar Sales Corporation

Chennai

Graduate (Any)

View Details
Company
ARTICLESHIP 15 May 2026
ARTICLE ASSISTANT, TRAINEE AND PAID ASSISTANT

YOGESH KAPOOR AND ASSOCIATES

New Delhi

B.Com

View Details