Deduction u/s 24(b) under income tax act

Tax queries 939 views 1 replies

If assessee sale his Residential Property during the year, will he get deduction of Interest on borrowed capital till date of sale?


Say assessee has sold property on 15.08.2010, in this case can claim interest upto 15.08.2010 as deduction till?

 

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Replies (1)

yes. interest payable till the date of sale can be claimed as deduction


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