Under Income from house property, is interest for pre construction period included in the limit of Rs. 150000 or it is in addition to the prescribed limit?
Pushkar Dehadray (Student) (36 Points)
05 October 2011Under Income from house property, is interest for pre construction period included in the limit of Rs. 150000 or it is in addition to the prescribed limit?
CA Prakash Rai
(CA)
(129 Points)
Replied 05 October 2011
yes the limit includes pre construction interest.
srinivass
(CA Final)
(2466 Points)
Replied 05 October 2011
Limit is confined t the 150000 inclusive of Interst and int. for preconstructed period
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