Interest deduction u/s 24(b)

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deshan bafana (Querist)
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03 March 2023 If an person takes loan against property for construction purpose whether deduction of interest u/s 24(b) is allowed

CA R SEETHARAMAN (Expert)
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04 March 2023 Interest during construction accumulated and allowed as deduction over a period of 5 years after completion.

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