Clarification on deduction under section 24 on loan transfer

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Dear Experts, 

I purchased an under construction property in the year 2010 and got the first disbursement in Oct'10. 

The date of completion of construction is however August 2014. I do understand I will not be able to claim 1.5 lacs deduction against the interest paid as the possession did not happen within 3 years. 

My question is , what happens to the provisions under section 24 ,  if the loan is transfered to other Financial Institution.

In case I get the home loan transferred to other bank , will I be able to claim the Incom Tax benefit for the interest paid post possession every year. 

Regards 

 

 

Replies (1)

No any problem there


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