• Claiming tax deduction on home loan interest if flat is sold in same year

I sold my flat in the FY 2018-19. I had taken a loan which i repaid before selling. During the financial year i paid interest on housing loan of Rs 18000. Can i claim tax deduction on this amount while filing ITR AY 2019-20?
Asked 6 years ago in Income Tax

Hi,

 

Yes, you can claim tax deduction on this amount while filing ITR.

 

There is no lock-in period for deduction claimed against interest payment on home loan under section 24(b) or 80EE.

Payal Chhajed
CA, Mumbai
5189 Answers
302 Consultations

Yes you can claim it.

Vivek Kumar Arora
CA, Delhi
5014 Answers
1136 Consultations

Hi,

 

Yes, you can claim it.

Karishma Chhajer
CA, Jodhpur
2452 Answers
29 Consultations

Yes sir you can as you were the owner of the Flat.

 

Hope you find the information helpful if you do please rate it 5 and provide your valuable feedback for my improvement.

Thank you.

Naman Maloo
CA, Jaipur
4303 Answers
101 Consultations

Yes, you can claim tax deduction of this amount while claiming ITR.

Lakshita Bhandari
CA, Mumbai
5687 Answers
942 Consultations

Hello,

 

Yes, you can claim this deduction while filing ITR.

 

Regards,

CA Hunny Badlani

Hunny Badlani
CA, Madhya Pradesh
2608 Answers
16 Consultations

Yes you can claim deduction

Jasmina Jain Shah
CA, Greater Mumbai
458 Answers
4 Consultations

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