Can housing loan interest be claimed in the year of sale of

YES YOU CAN CLAIM,DEDUCTION UNDER SEC 54 DEPEND WHETHER YOU INCURRED SHORT TERM OR LOANG TERM GAIN

ONLY IN CASE LONG TERM CAPITAL GAIN DEDUCTION UNDER SEC 54 CLAIMED

yes you can claim...

sec 54 is applicable for house property, there should not be short term capital gain..must be LTCG... new property should be purchase 1 year before or 2 year after or construct within 3 years from the date of sale...

Originally posted by : Siddharth Bumb
	yes you can claim... sec 54 is applicable for house property, there should not be short term capital gain..must be LTCG... new property should be purchase 1 year before or 2 year after or construct within 3 years from the date of sale...

AGREED.

only precaution you have to maintain that you are not going to get exemption from LTCG for the interest claimed u/s 24b, i e. your 24b would be from income source other than LTCG proceeds.