Simultaneous use of section 24 and section 80gg-reg.
This query is : Resolved
29 June 2016
A person has purchased a house which is under construction and took loan for this house. Presently, he is staying in a rented house. Can he take both loss under house property u/s 24 and deduction u/s 80GG at the same time?
29 June 2016
24 section not applicable on the under construction house, and you can claim 80GG if you recd the HRA from any where.
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My answer is usefull for you, pls send like.
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29 June 2016
It is under construction but it is registered in the name of the assessee, still not applicable for claiming section 24?
29 June 2016
its for house its mean you can use for residential purpose, during the construction its not possible, and also letter of completion, possession letter will be required .for prove property construction is complete.
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