Interest on pre construction period of house property.
The persons received HBA as follows
On May 2009 30%
On May 2010 40%
On May 2011 30%
Repayment started on October 2009.
Completion of the house property on JAN 2014.
How he claim the pre construction period expenditure as per Income Tax Act. ?
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Dear Sir,
if a person taken a houseing loan and vehicle loan from bank, he is eligible for deductions from income tax.
Thanking You
Kumar
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Claiming preconstruction preiod expense