Pre construction interest

Tax queries 1041 views 3 replies

WHETHER PRE CONSTRUCTION INTEREST AVAILABLE FOR DEDUCTION IN A  F.Y  CAN BE CLAIMED FOR A HOUSE PROPERTY EVEN IF SUCH PROPERTY IS SOLD OUT???

PLEASE REPLY SOON....

THXS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Replies (3)

if u don't own the house property any more, there is not question of HP income .. so there can be no deduction u/s 24(b)

i am agreed with Sunshine . and also like to mention that pre construction period intt can claimed in 5 equal installment starting from the perivious year in which construction gets complited

if u sold that property then after u can not claim for intt of preconstruction perioud


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