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House property

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(Querist)
16 July 2013 What is the treatment of pre-construction interest and normal interest paid for Self-Occupied House Property?

Regards,
Rakesh
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
16 July 2013 Pre construction interest can be claimed after completion of construction in 5 equal installment

Normal interest can be claimed u/s.24b maximum limit of Rs.1.50 lakh for self occupied

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