Menu
Pre incorporation interest(house property)
Interest for pre construction/acquisition period is allowable in 5 equal instalment beginning from the year of completion of house property.
but what if that property is sold before the completion of 5 years?
Replies (3)
Can be adjusted against capital gains!
Can we still claim 1/5th portion of remaining interest ??? even if property is sold.
new property also purchased so we already get deduction U/s 54.
" Can we still claim 1/5th portion of remaining interest ??? even if property is sold"
NO. Property sold, home loan accounts closed!
Recent Threads
- Are AI tools like ChatGPT actually useful for CA w
- UK TAX (HMRC) HELP WITH INVESTIGATIONS, DISPUTES,
- Payment processor not transferring or refunding pa
- Form 16 format
- 17(5) Blocked ITC
- Transfer of equity shares to original owner
- Login credentials and payment acknowledgement not
- Export sales not realised payment not received fro
- Capital gain account amount utilisation
- Form 26QB – Section 194-IA: TDS on Full Cons
Related Threads
CAclubindia
