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
4 Replies
supriya padhiari
(CA student)
(23 Points)
Replied 26 May 2020
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?
Ravi SADhiyan
(Practice)
(4510 Points)
Replied 27 May 2020
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
sabyasachi mukherjee
(27841 Points)
Replied 28 May 2020
Registration of the property is sufficient to avail deduction.
possession criterion arises elsewhere.
possession criterion arises elsewhere.
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