Deduction u/s 24

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)
Quick Summary
This discussion clarifies the eligibility for deducting housing loan interest under Section 24(b) for the Assessment Year 2020-21. It confirms that the date of property registration, not the date of possession, is the key factor for claiming the deduction. Therefore, if your loan was taken and property registered in the relevant period, you can claim the interest deduction even if possession is received later.

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.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 17 August 2026
Article Assistant

Jain Ankit and Co

Gurgaon

CA Inter

View Details
Company
ARTICLESHIP 25 August 2026
CA Article's

Saini Pati Shah & Co LLP

Mumbai

CA Inter

View Details
Company
08 August 2026
International Corporate Tax Advisory

Shulke

Bengaluru

CA

View Details
Company
19 August 2026
PAID ARTCILE ASSISTANT

My Legal Tax Consultants Pvt. Ltd.

Noida

CA Inter

View Details
Company
21 August 2026
Finance Manager

Resollect Technologies Pvt Ltd

Mumbai

CA

View Details
Company
ARTICLESHIP 17 August 2026
Article Assistant

K R Kiran Kumar & Associates

Bengaluru

CA Inter

View Details
Company
ARTICLESHIP 01 September 2026
Articles

Saini Pati Shah & Co LLP, Chartered Accountants

Mumbai

CA Foundation

View Details
Company
ARTICLESHIP 10 August 2026
Article Assistant

Suraj Garg and Associates

New Delhi

CA Inter

View Details