Sale of house return of income tax benefits

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This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

11 December 2011 I purchased a house in Sep 2009 and took benefit of income tax deduction for interest paid for 2 years.
Now I want to sale the house property.
Do I have to return the income tax benefit of deduction of interest paid on house property.

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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11 December 2011 Interest benefit is not required to be returned. In case, Deduction U/s 80C has been claimed , it has to be added in your income in case the property is sold before the prescribed period of 5 years.

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