Housing SOC Letter Enough To Claim Loan Interest Benefit: ITAT

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The order by the Mumbai bench of the Income Tax Appellate Tribunal states certificate from housing society is enough proof of possession for tax purposes.

The metropolis bench of the tax proceedings court has command that to assert a deduction of interest on a consumer credit, a payer isn’t needed to submit a completion certificate from any government authority as proof of getting obtained possession at intervals the stipulated fundamental measure. A certificate from the housing society was command to be decent proof by the ITAT, that adjudicates income-tax disputes.

http://timesofindia.indiatimes.com/city/mumbai/Use-hsg-soc-letter-for-loan-interest-sop-ITAT/articleshow/55146275.cms

 

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