Pre acquisition interest deduction under house property
This query is : Resolved
01 July 2015
Dear Sir/Madam,
Kindly provide your guidance on deduction of pre acquisition interest on house property u/s 24 if possession is not received within 3 years from the date of taking loan.
Can we claim the same?
Kindly provide your guidance on deduction of pre acquisition interest on house property u/s 24 if possession is not received within 3 years from the date of taking loan.
Can we claim the same?
01 July 2015
Yes, you can claim deduction. It is not necessary that you have to get possession within three years of taking the loan for claiming deduction for pre-acquisition interest. However, deduction will start only after you get possession.
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