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Query about brought fwd losses in house proerty

ITR 311 views 1 replies

I have bought a second house property for which I got possession recently.  However, I have paid EMIs during the FY 2011 to 2013 and thereafter cleared my house loan in total.  Hence I want to bring forward the interest amount paid by me in FY 2011-12 and 2012-13 and claim tax reflief on that.  Kindly advise where to fill in that loss in the ITR 2.  I filled it in the CFL section under C/F losses for the AY 2012-13 and 2013-14 respectively, however, it is not getting set off as loss in the ITR.  Kindly advise at the earliest.

Replies (1)

You can take pre construction Interest under section 24(b) in 5 equal installments from the financial year in which you got the possession.


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