House property
This query is : Resolved
03 August 2017
An individual has taken home loan for acquisition and construction of house on 15.5.2016. The construction of House is completed in the year 2016-17 itself. So whether there will be any pre-construction interest or not ??
03 August 2017
Since the construction is completed before the end of the previous year in which construction began, no preconstruction period interest applies
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