• 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 5 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
5188 Answers
288 Consultations

5.0 on 5.0

Yes you can claim it.

Vivek Kumar Arora
CA, Delhi
4838 Answers
1037 Consultations

5.0 on 5.0

Hi,

 

Yes, you can claim it.

Karishma Chhajer
CA, Jodhpur
2450 Answers
29 Consultations

5.0 on 5.0

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
4272 Answers
97 Consultations

5.0 on 5.0

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

Lakshita Bhandari
CA, Mumbai
5687 Answers
909 Consultations

5.0 on 5.0

Hello,

 

Yes, you can claim this deduction while filing ITR.

 

Regards,

CA Hunny Badlani

Hunny Badlani
CA, Madhya Pradesh
2608 Answers
16 Consultations

5.0 on 5.0

Yes you can claim deduction

Jasmina Jain Shah
CA, Greater Mumbai
454 Answers
4 Consultations

5.0 on 5.0

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