DEAR ALL,
WHETHER PRE EMI INTEREST IS FULLY ALLOWED AS DEDUCTION U/S 24 (B) OR IT IS ALLOWED AS DEDUCTION IN 5 EQUAL INSTALEMENT.
PLEASE CLARIFY THE SAME.
THANKS
PARMOD
Parmod Agarwal (Assistant Manager) (394 Points)
09 March 2010DEAR ALL,
WHETHER PRE EMI INTEREST IS FULLY ALLOWED AS DEDUCTION U/S 24 (B) OR IT IS ALLOWED AS DEDUCTION IN 5 EQUAL INSTALEMENT.
PLEASE CLARIFY THE SAME.
THANKS
PARMOD
CA Lovenish Bansal
(JOB)
(343 Points)
Replied 09 March 2010
In five installment
Regd
Lovenish Bansal
CA Dhiraj Ramchandani
(CA, M. com)
(10823 Points)
Replied 09 March 2010
Yup..
The deduction is available for 5 consecutive Years.. [Equal installments]
C.Balaji
(Learner)
(1867 Points)
Replied 09 March 2010
Pre Construction Interest - 5 Equal Installments (Ded can be made starting from the year in which construction is complete.)
karan
(professional)
(300 Points)
Replied 12 March 2010
can he claim Stamp duty and registration charges paid for the same house in pre construction period after completion of construction
As the payment of registration and stamp duty paid in last year and ownership got in this year
Dintakurthi Tirumala
(CA FINAL)
(15994 Points)
Replied 12 March 2010
please should go through of section 24(b) u can found answer to u r question u r selfs\
OM SAI SRI SAI JAI JAI SAI
Bala
(Student)
(498 Points)
Replied 12 March 2010
Dear karan, you cannot claim stamp duty and regn charges,, it will be added to the cost of the property..
Analysis of 20 GST Notices (including 2 Appeals) and Practise on Drafting(with recording)
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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