Sunshine
(Helping All)
(10575 Points)
Replied 21 July 2011
dedcution is 150000 max. inclusive of "pre as well as post construction "interest calculated as per rule...
Shivshankar
(a c.a student)
(229 Points)
Replied 21 July 2011
| Originally posted by : Sunshine... | ||
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dedcution is 150000 max. inclusive of "pre as well as post construction "interest calculated as per rule... |
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Yes Sunshine is write it is inclusive of preconstruction as well as post construction period interest
CA ADITYA SHARMA
(CA IN PRACTICE )
(16719 Points)
Replied 21 July 2011
IT IS INCLUSIVE OF PRE CONSTRUCTION INTEREST
CS,CA F,Numrologi TusharSampat
(CS CA F Numerologist Astrologer Graphologist Face reader Vastu Expert)
(85930 Points)
Replied 21 July 2011
| Originally posted by : Sunshine... | ||
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dedcution is 150000 max. inclusive of "pre as well as post construction "interest calculated as per rule... |
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CA Aditya Goel
(Chartered Accountant)
(368 Points)
Replied 21 July 2011
In case of SOP the maximum interest deduction is Rs. 1,50,000 inclusive of Pre construction period only if
1. House is constructed within 3 yrs.
2. Constructed or purchased after April 1999.
if any of above condition doesn't fulfil then maximum deduction allowed is Rs. 30,000.
Mukund Patel
(Student)
(477 Points)
Replied 22 July 2011
Maximum Deduction of Interest is depend upon Condition
Maximum Rs.150000 After April 1999
Maximum Rs. 30000 Before April 1999
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Survey, Search and Seizure under Income Tax Act 1961
CAclubindia
