if any one taken housing loan and he paid pre emi, that is he is not posses this home now.
so the interest paid by him is fully claimes for deduction or 1/5 th of the amout.
Menu
Interest paid on housing loan
Replies (2)
Yes you are right and the he can claim interest U/s 24(b) under Income from House property only after completion of contruction or possession which is ever earlier.
Yes i agree with prakashji
Recent Topics :
- Guidence requested for a Finance Professional with
- Expert Opinion Required – Form 140 Gross Amo
- WRONG TAX DEMAND - formal responses , rectificatio
- Foreign remittance
- Affordable Residential Flats in Gurgaon
- Manufacturing
- TAN REGISTRATION ON E-FILLING SITE
- Form 10-IEA – Continuing Old Regime
- Income tax act 2026
- Belated Return where Form 10IEA filed this year to
Related Topics :
CAclubindia
