What would be the treatment of Interest on loan paid for the last 3 years for purchase of property, if one gets possession of property in the current financial year. The property is deemed self occupied.
Do we get deduction us 24 and upto what extent. Can this deduction only be availed once one gets possesion of property
You can avail deduction of interest even when the possession is not acquired or the flat is still under construction.
Subrahmanyam & Sivudu CA Firm
Hyderabad
CA Inter
View Details
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
View Details
KK & Company Chartered Accountant
Pune
CA Inter
View Details
CCI
Pro
CAclubindia
