Is possession is imp for claiming ded u/s 24(b)
This query is : Resolved
15 June 2009
Hello,
I get to know whether possession is important for claiming deduction of Interest on house property u/s 24(b) as the property is under construction but per EMI has already been started.?
I get to know whether possession is important for claiming deduction of Interest on house property u/s 24(b) as the property is under construction but per EMI has already been started.?
15 June 2009
Pre EMi interest paid upto the year before which construction is completed will from the year in which construction is completed in 5 equal installments subjects to provisions is Section 24(b).
15 June 2009
Acquisition is important and not possession.
15 June 2009
Well, the term used for claiming benefit is acquisition.
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