Min. holding period of 5 years for residential house property -applicable for interest (Sec 24)?

[Ramesh Rangani]

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....

AI Summary

Minimum holding period for residential property: whether five year 80C rule applies to interest deductions under section 24. Query whether the minimum five year holding period that triggers inclusion of previously claimed principal repayment deductions as income on transfer similarly affects deduction of interest on borrowed capital for house property under the interest deduction provision; the enquirer sets out the 80C-linked repayment recapture background and requests clarification on parallel treatment of interest.