Interest under section 24
Srinivas Pyata (543 Points)
05 March 2019
what is the maximum interest that can be claimed under 24 if the construction has completed after 5 years.
4 Replies
Srinivas Pyata
(543 Points)
Replied 05 March 2019
completed after 5 years then we can claim 30000. what will be maximum interest that can be claimed for current year(construction competed in 2016)
Gaurav
(SELF EMPLOYED)
(100 Points)
Replied 05 March 2019
Once the conditions are not satisfied it will be restricted to Rs 30000 per annum till the entire loan gets repaid. In your case every year you can only claim RS 30000.
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