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Sec 24b

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Querist : Anonymous

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Querist : Anonymous (Querist)
11 November 2016 Dear Experts,
As we are availing the deduction of housing loan u/s 80C & 24B, pls tell me after availing these deduction till how many year we cannot sell the house

Thanks & Regards
Anil Jain
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CS Advocate Abhishek Goyal

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CS Advocate Abhishek Goyal (Expert)
11 November 2016 According to section 80C if house on which principal deduction has been availed u/s 80C is sold within 5 years of purchase/construction the deduction availed shall have to be reversed.
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