About preconstruction period

This query is : Resolved

ravi tej (Querist)
Follow

27 February 2013 Respected sir/madam,i am in dilemma regarding pre-construction interest.
Problem is one of our clients have two houses in last assessment year- 2012-13.one of the property sold in the month of februaty-12. My question is whether he is eligible to claim deduction for pre-construction interestin in the current year even though it is sold in last year itself.

Dintakurthi Tirumala

Dintakurthi Tirumala (Expert)
Follow

27 February 2013 The question is missing some clarification for you doubt Fist please report me date of acquisation of such two houses. You asking about pre-construction interest but saying assess owned two houses.

OM SAI SRI SAI JAI JAI SAI