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Min. holding period of 5 years for residential house property -applicable for interest (Sec 24)?, Income Tax |
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Min. holding period of 5 years for residential house property -applicable for interest (Sec 24)? |
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Min. holding period of 5 years for residential house property is necessary for section 80C deduction and if transferred before completion of 5 years, all deductions claimed towards repayment of loan in earlier years is treated as income in the year of the transfer. Please advise same thing is applicable for deduction claimed towards interest on borrowed capital for house property (Sec 24). Thanking in anticipation.... Posts / Replies Showing Replies 0 to 0 of 0 Records No Post / Reply found for this query Old Query - New Comments are closed. |
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