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Deduction u/s 24

Final 290 views 4 replies
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
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.


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