House property
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 September 2012
one of my client has purchase a land and start to construct the house by taking a bank loan. as in construction, bank release a part payment and still the house is not complete and he has started to pay installment.. so my question is whether he can claim interest under head house property still he is not living in his home.
29 September 2012
deduction of interest paid before the possession of the house will be allowed in five equal stallment from the year in which possession letter is obtained.
29 September 2012
Agree with the expert's advice.
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