Deduction u/s 24(b)
This query is : Resolved
22 July 2014
If the house property on which loan was taken is sold during the previous year,can deduction u/s 24b and Sec 80C be claimed while computing Income from House proprty?
22 July 2014
no, as u no longer remain the owner of the same property............................
22 July 2014
If the assessee was the owner of the property as on 01.04.2013 and the property was sold on 30.09.2013, can interest be claimed for the period of ownership?
22 July 2014
yes only till the time he was owner and int was paid will be allowed.
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22 July 2014
Can you specify the section under which such a condition has been specified?
22 July 2014
you can refer sec 22 where it specifies that the assessee should be the owner of the property.
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