House property
This query is : Resolved
11 July 2015
Is there will be any prior period interest if we repay the loan before construction of property while computing house property income
11 July 2015
It will be allowed in 5 installments commencing from the year in which the construction is complete.
I.e, 1/5 th in the first year and so on till 5th year.
I.e, 1/5 th in the first year and so on till 5th year.
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