Interest on housing loan claim
This query is : Resolved
28 April 2021
hi,
My flat possession in dec 21, i can claim interest on housing loan for TDS computation.
My home loan alrady starter last 2 year.
I can claim
My flat possession in dec 21, i can claim interest on housing loan for TDS computation.
My home loan alrady starter last 2 year.
I can claim
28 April 2021
1) Deduction on account of interest on housing loan can be claimed after the construction is completed.
2) Further, you will be able to claim deduction of interest for the pre-construction period (FROM the date of borrowing TO 31st March immediately prior to the date of completion, or the date of repayment, whichever is earlier) in 5 equal installments (subject to max limit of ₹2 lacs) starting from the PY in which the construction is completed.
3) For more on pre-construction period interest: https://cleartax.in/s/case-study-deduction-for-pre-construction-interest
2) Further, you will be able to claim deduction of interest for the pre-construction period (FROM the date of borrowing TO 31st March immediately prior to the date of completion, or the date of repayment, whichever is earlier) in 5 equal installments (subject to max limit of ₹2 lacs) starting from the PY in which the construction is completed.
3) For more on pre-construction period interest: https://cleartax.in/s/case-study-deduction-for-pre-construction-interest
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- RCM INVOICING FROM NOV-2024
- GST Regis.
- Confusion around Form 26QB fields
- Tds on building rent monthly
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- As per schedule III of balance sheet how to pass journal entry
- Is correct way to find out capital of individual on 31st March
- Individual capital equal to which assets of balance sheet
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
Trending Online Classes
CAclubindia
