There is loan on existing house property of Rs. 11 lacs. Top up loan taken around Rs. 20 lacs, top up is used for purchasing new house property under construction, for which possession date is after 2.5 years.
Whether interest deduction on top up loan under this section 24b can be taken from current financial year.
Shyam Joshi & Associates
Pune
B.Com
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Vardhaman Group of India
Pimpri Chinchwad
CA Inter
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CAclubindia
