Housing loan interest and sale of SOP

Hello there,

I have following query.

Mr A had a self occupied property and housing loan thereon. In December 2020, he sold this property and paid off the loan.

1) Can Mr A claim housing loan interest & principal till the date of sale of house i.e. December 2020, in his ITR of AY 2021-22?

2) If answer to Q1 is yes, then we would show this house as SOP and claim interest on housing loan till December 2020... right??

Kindly reply.

Thanks & Regards,

Suraj

Replies (4)
Quick Summary
This discussion clarifies whether an individual can claim housing loan interest and principal payments made up until the date of selling a self-occupied property. The consensus is yes, these deductions can be claimed in the Income Tax Return for the relevant assessment year. The property would be treated as self-occupied until the sale date for the purpose of these claims.

Yes interest on loan can be claimed in ITR.
Yes, you can claim housing loan interest & principal till the date of sale of house i.e. December 2020, in his ITR of AY 2021-22
Yes. .
Sourav you are replying twice the same answer just for getting points or 250/- reward on CAClubindia.

what is sense of yes or no, just for point..

Please respect this reputed profession and stop making fun of public platform.

It's already told by reputed member to you that stop replying without any base just for points

If you are not Stop this, I have to make complaint to block your account.

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