Easy Office
LCI Learning

Tax deduction on interest on loan for construction of house property

This query is : Resolved 
Profile Image

Profile Image

(Querist)
11 August 2015 Hello! Is the interest paid on loan taken for second house property(under construction) eligible for tax deduction without any limit u/s-24?
Thanks
Profile Image

CA Dileep Surya Kumar

Profile Image

CA Dileep Surya Kumar (Expert)
11 August 2015 You can not claim deduction u/s 24 for under construction property now.

However pre- construction interest , after completion of construction will be allowed in five installments subject sec 24 limits.
Profile Image

Sneha Ramakrishnan

Profile Image

Sneha Ramakrishnan (Querist)
11 August 2015 And what if the second house has been fully constructed but not let out?
Upgrade to CAclubindia Pro. Subscribe Now!


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro
Live Budget News and Updates

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links