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
nitin suvarna (C.A FINAL) (828 Points)
27 July 2011WHETHER 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
Sunshine
(Helping All)
(10575 Points)
Replied 27 July 2011
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)
suman
(Auditor )
(388 Points)
Replied 27 July 2011
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
Ashpak Ali
(Finance Accounts Manager)
(87 Points)
Replied 27 July 2011
if u sold that property then after u can not claim for intt of preconstruction perioud
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