If a person has taken housing loan from a bank and EMI is being paid to bank, will he or she be eligible for IT exemption on interest even if builder has not given possesion?
Prakash
Menu
Exemption on housing loan
Replies (1)
As far As I knw, Possession or date of deed execution which ever is earlier is assumed to be the date of ownership (as risk and reward is transferred). Therefore, if sale deed has been executed then YES the claim can be made. However, do cross check it once :)
Recent Topics :
- Extension of Due Date of AY 2026-27
- FAST DS 2026
- Does AIS GST Purchase aggregate GSTR-2B expenses?
- Form 26A - System has encountered some technical p
- Tool to convert GST invoice PDFs into Excel —
- Revised or rectification or leave it?
- Private limited tax audit
- LTCG - SEC54
- Foreign remittance from our client for Co Working
- UDIN generation
Related Topics :
CAclubindia
