24 August 2010
X borrowed 106000@21% interest on 10 march 1999(date of repayment 16 jan 2008:date of completion of construction 6 march 2004. plz clarify what will be the amounnt of deduction available ? plz its urgent
25 August 2010
but the capital is borrowed before 1 april 1999 and the construction is also completed after 3 yrs fromt he endd of the financial year in which the capital is borrowed. so in this case what will be the amount of deduction ?
25 August 2010
but the capital is borrowed before 1 april 1999 and the construction is also completed after 3 yrs fromt he endd of the financial year in which the capital is borrowed. so in this case what will be the amount of deduction ?
25 August 2010
interest upto 06.03.2004 can be deducted in 5 installments as pre-construction period interest, interest after 06.03.2004 can be availed as sop ans let out as the case may be
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