Interest under section 24
This query is : Resolved
07 February 2014
An assessee booked a residential flat in ansal crown infrabuild pvt ltd on which he has taken a loan whether i) a deduction of interest allow to him under section 24 (possession of flat not available flat is in under construction)ii) Deduction of Principal repayment of loan is allowed to him under section 80C. Please clarify.
07 February 2014
Deduction for interest due and principal repaid will not be allowed till the flat is registered in the name of assessee.
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