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Deduction u\s 24 interest on house property on self occupied property are limited to 150000 subject to certen condition
are includeing pre construction interest or excluding per construction ????????
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Interest on house property
Replies (7)
dedcution is 150000 max. inclusive of "pre as well as post construction "interest calculated as per rule...
| Originally posted by : Sunshine... | ||
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dedcution is 150000 max. inclusive of "pre as well as post construction "interest calculated as per rule... |
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Yes Sunshine is write it is inclusive of preconstruction as well as post construction period interest
IT IS INCLUSIVE OF PRE CONSTRUCTION INTEREST
| Originally posted by : Sunshine... | ||
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dedcution is 150000 max. inclusive of "pre as well as post construction "interest calculated as per rule... |
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In case of SOP the maximum interest deduction is Rs. 1,50,000 inclusive of Pre construction period only if
1. House is constructed within 3 yrs.
2. Constructed or purchased after April 1999.
if any of above condition doesn't fulfil then maximum deduction allowed is Rs. 30,000.
Agree with u Aditya
Maximum Deduction of Interest is depend upon Condition
Maximum Rs.150000 After April 1999
Maximum Rs. 30000 Before April 1999
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