Accrued Int on House Build Adv availed by Centrl Govt Employ

Plz provide details  about the deductions claimed in provious years such as the total amount, under which section etc

Plz provide details  about the deductions claimed in provious years such as the total amount, under which section etc

As per my understanding you can claim interest paid during the year on Housing Loan u/s 24 of IT Act. If still you are paying interest, you can claim as the property is put to use also.

Krishnan Sir,

      I do think Abhinav sir got it wrong there when he said sec 24 is on paid basis and u can claim it if ur paying it

Dear Sir,

I have availed House Building Advance (HBA) from My office (Central Water Commission, Ministry of Water Resources) in the year 2002, from 2003 to 2007 i am taking benefit of accrued interest under Income from House Property while calculating Income Tax yearly, this year my office is not letting me to avail accrued interest on HBA since i am availed for 5 years, this year repayment of principle will be completed, from next year onwards actual interest repayment will be started.

I want clarification regarding availing the benefits of accrued interest on HBA under Income Tax for this year and future years , at the earliest possible, as submission of IT returns to office will end on or before 10-2-09.

please clarify me at the earliest possible to my email vijjiadusumilli @ yahoo.com

thanking you,

yours truly