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Deduction on Home Loan Interest

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Finance & Accounts Executive
8 Points Posted on 28 November 2022
Condition 1- In FY 22-23, I take a loan from bank for purchase a completed flat for self occupied from Mr. X.

Condition 2- In FY 22-23, I take a loan from bank for construction a flat for self occupied from Mr. Y.


From when I can claim the Interest amount u/s 24 in Condition -1 & 2?
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On 28 November 2022 at 18:35 Report
Replies (4)
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SEO Sai Gr. Hosp.
211612 Points Posted on 28 November 2022

1. From the day of occupation of house or repayment of loan EMI, whichever latter.

2. From the date of receipt of Occupation Certificate

581 Reply
On 28 November 2022 at 21:21
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Profession Business
28207 Points Posted on 29 November 2022
Generally receipt of loan and possession certificate is essential .
44 Reply
On 29 November 2022 at 09:06
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Finance & Accounts Executive
8 Points Posted on 30 November 2022
Thank you both of you for your response.
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On 30 November 2022 at 08:30
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SEO Sai Gr. Hosp.
211612 Points Posted on 30 November 2022

You are welcome..                              

581 Reply
On 30 November 2022 at 10:31


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