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
Menu
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.
Recent Threads
- Purchase and sales of Shares entry in Tally
- Where to know latest GST HSN Codes and their Rates
- Hsn code and rate cnsl crude oil
- Clarification required on taxation of income from
- Pension Income up to Rs.1,66,250 per month equal t
- Reappointment of Managing Director in a private li
- VAT deducted by Saudi company
- RCM doubt please clarify
- Should open NRO account?
- Which IT section applicable for cash transaction i
Related Threads
CAclubindia
