18 February 2009
If a NRI takes a loan today and the assessee has started to pay the interest now and the possession of property will be received after a couple of years. By that time the assessee will return to India and hence file the return. Will he be able to claim deduction u/s 24(b) for the interest paid for the pre-construction period though he wasnt in India?????? Please help me.
CAclubindia
