Dear sir
whether deduction u/s 24 (b) for interest of housing loan allowed for A/y 2020-21 if possession letter received in 1st April-30th June,2020 ?
Regards
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Deduction u/s 24
Replies (4)
Possession is not the criterion.
Loan taken in oct' 2019 & registration made in Dec, 2019 but possession will be taken in June 1st week, 2020. kindly suggest sir..can I claim the interest deduction?
Property acquired should be consider from the date of registration of property instead of actual possession taken
So you are eligible to take deduction from the date of Reg of Property
Thanks With Regards
Ravi SADhiyan
Registration of the property is sufficient to avail deduction.
possession criterion arises elsewhere.
possession criterion arises elsewhere.
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