Poonawalla fincorps
Poonawalla fincorps

Int on house building loan

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Querist : Anonymous

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Querist : Anonymous (Querist)
06 January 2015 in case of self occupied property if the interest is not paid, whether the int is allowed for deduction u/s 24 (b)
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
06 January 2015 Section refering the interest payable. so it is accrual basis. you can claim even not paid also
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
06 January 2015 It is allowed on accrual basis.
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
06 January 2015 yes once loan is taken for house property but int is not paid but accrued then still on accrual basis it is allowed u/s 24(B)

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