Deduction u/s 24

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CA student
23 Points Joined October 2016
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 ?

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On 26 May 2020 at 16:10 Report
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28118 Points Joined May 2017
Possession is not the criterion.
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On 26 May 2020 at 16:33
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CA student
23 Points Joined October 2016
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?
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On 26 May 2020 at 16:50
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Practice
4510 Points Joined July 2017

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

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On 27 May 2020 at 15:02
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28118 Points Joined May 2017
Registration of the property is sufficient to avail deduction.



possession criterion arises elsewhere.
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On 28 May 2020 at 13:19


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