I had taken a housing loan and interest for the pre-construction period (1/5th) was claimed in the first year after construction was completed. During the second year, an agreement for sale of house was entered into and during the third year house was sold. Can I claim the remaining interest (4/5th) during the second year or third year.
Menu
Interest on Housing Loan for Pre Construction Period
Replies (5)
no....it has to be claimed in the 3rd 4th and the 5th consicutive year only...... in the following years u will have a negative figure from house property which can be set off against other head of income.......
Happy deepavali
SG
When you have sold the property in 3rd year after the completion, thats over you cannot have anymore benefit.
You cannot claim the interest
no he can not claim the int. u/s 24
no frnd interest cannot be claimed.
Recent Topics :
- GSTR-9 Table 8A Portal and Excel Issues
- IGST on Commercial Rental Income (Different State)
- Revocation of suo moto cancelled GST registration
- Is there any faculty taking chapterwise test in CA
- Late Fees and Interest
- HDFC Bank’s Bureaucracy: The Nightmare of Fl
- Running a CSC Center, Maha E-Seva Kendra, Setu Ken
- GSTR-9 Table 8A issue
- CA Inter Coaching institutes at Hyderabad
- Looking for practising CA
Related Topics :
CAclubindia
