Can One Claim Deduction of Interest u/s 24 on Loan Even After Sale of the House?

I had taken a home loan [Single Applicant i.e. Me] from HDFC in May 2005 for a flat whose construction was start in year 2005. I had received the allotment letter in June 2005. I had received the offer for possession in July 2008. I’ll be taking a formal possession in august 2009. Registration is [...]

Should Interest on Tax Saving Term Deposit Be Shown on Receipt or Accrual Basis?

I am a salaried employee. I have made a 5 year tax-saving FD for Rs.30000 and a 3 year FD for Rs.10000 in the financial year 2008-09. I am not any income other than salary and interest. I have following two questions: 1) In respect of FD of 3 years, can I [...]