Simultaneous use of section 24 and section 80gg-reg.

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Sai Naren Gupta (Querist)
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29 June 2016 A person has purchased a house which is under construction and took loan for this house. Presently, he is staying in a rented house. Can he take both loss under house property u/s 24 and deduction u/s 80GG at the same time?

Rupesh Jain

Rupesh Jain (Expert)
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29 June 2016 24 section not applicable on the under construction house, and you can claim 80GG if you recd the HRA from any where.

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Sai Naren Gupta

Sai Naren Gupta (Querist)
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29 June 2016 It is under construction but it is registered in the name of the assessee, still not applicable for claiming section 24?

Rupesh Jain

Rupesh Jain (Expert)
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29 June 2016 its for house its mean you can use for residential purpose, during the construction its not possible, and also letter of completion, possession letter will be required .for prove property construction is complete.

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Simultaneous use of section 24 and section 80gg-reg.

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