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Deduction u/s 24


supriya padhiari (CA student)     26 May 2020

supriya padhiari
CA student 
 23 points

| My Other Post

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

avater

sabyasachi mukherjee   26 May 2020

sabyasachi mukherjee

 119 likes  3335 points

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Possession is not the criterion.

avater

supriya padhiari (CA student)     26 May 2020

supriya padhiari
CA student 
 23 points

View Profile | My Other Post

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?

avater

Ravi SADhiyan (CA Final)     27 May 2020

Ravi SADhiyan
CA Final 
 232 likes  3937 points

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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

avater

sabyasachi mukherjee   28 May 2020

sabyasachi mukherjee

 119 likes  3335 points

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Registration of the property is sufficient to avail deduction.



possession criterion arises elsewhere.


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