House Property

This query is : Resolved 

11 February 2011 If a builing is under construction ,(a bank loan is taken on building ).can a person claim deduction for interest under sec. 24(b) ????

11 February 2011 Interest on Pre-construction period is deductible in five equal instalment. The first instalment is deductible in the year in which construction of the property is completed or in which property is acquired.



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

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries