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- Section 24(B)
Well i have a query here, please help.
I bought a flat which took more than 3 years (appx. 5 years) to complete the construction (from the day i booked and started paying EMI).
My query is,
I have taken this flat in 95% down payment and have paid appx 3 lakh as interest to bank before completion of flat. The construction took around 5 years to complete. How much rebate i would get as per section 24(B). Please note this flat is not self occupied it is on rent from Day 1CommentQuote0Flag
- Can we claim 24b if we have provisional possession letter for this F.Y ? property brrought in this f.y itself.CommentQuote0Flag
- Originally Posted by satyaprakash47Can we claim 24b if we have provisional possession letter for this F.Y ? property brrought in this f.y itself.
Can any experience member/C.A have an answer of my question?CommentQuote0Flag