16 November 2010
Sir, subject to TDS of employee rule, What I can claim under head 'House Property' int. on borrowings for construction of building which is nor self occupied neither let out during previous year.
16 November 2010
the interest for construction of house which yet to be completed is considered as pre emi interest.
When the house property is completed it will be considered as self occupied property. Hence you can claim the interest after completion of house property.
CAclubindia
