Claiming preconstruction preiod expense

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CA Hemant Jain (Querist)
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20 January 2014 Interest on pre construction period of house property.

The persons received HBA as follows
On May 2009 30%
On May 2010 40%
On May 2011 30%

Repayment started on October 2009.

Completion of the house property on JAN 2014.

How he claim the pre construction period expenditure as per Income Tax Act. ?

@VaibhavJ

@VaibhavJ (Expert)
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20 January 2014 Hi

Total Int. pertaining to pre-construction period is deductible in 5 equal Installments beginning in the year of completion of construction.

Thx

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