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Sec 24b (house property)

This query is : Resolved 
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(Querist)
03 January 2012 Whether interest on borrowed capital allowed as deduction u/s 24b for the construction of a house will be disallowed when the house is sold
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
03 January 2012 No, the interest will not be disallowed. There is no such provision in the Income Tax Act.
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CA Navin Jain

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CA Navin Jain (Expert)
03 January 2012 Agree, there is no provision in income tax.
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CA Navin Jain

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CA Navin Jain (Expert)
03 January 2012 Agree, there is no provision in income tax.
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