Hpcompleted after 3 years from the date of capital borrowed
This query is : Resolved
02 August 2011
1. I took a House Building loan of Rs. 15 lakh in Jul 2007 from SBI for a House Property whose cost was Rs. 20 lakh.
2. So I took a subsequent loan of Rs. 5 lakh for the same House Property in Aug 2009.
3. I got the possession of the property in Jul 2011.
My query is that :-
what will be my Capital Borrowed date
Jul 2007 or Aug 2009 ?
Can I claim Loss from House Property upto Rs. 1.5 lakh or Rs. 30000 only ?
Kindly advise & reply its urgent for filing my ITR.
Thanking in anticipation..
2. So I took a subsequent loan of Rs. 5 lakh for the same House Property in Aug 2009.
3. I got the possession of the property in Jul 2011.
My query is that :-
what will be my Capital Borrowed date
Jul 2007 or Aug 2009 ?
Can I claim Loss from House Property upto Rs. 1.5 lakh or Rs. 30000 only ?
Kindly advise & reply its urgent for filing my ITR.
Thanking in anticipation..
04 August 2011
Hi,
Loan borrowed date will be Jul 2007 and you can claim deduction upto Rs.1.5L if it is self occupied property.
Loan borrowed date will be Jul 2007 and you can claim deduction upto Rs.1.5L if it is self occupied property.
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