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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 ????????
Thank in Advance
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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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