clarification
This query is : Resolved
24 February 2017
HERE local CHARTED ACCOUNTANTS are telling eventhough you are claiming 1/5 of interest it includes below RS. 2,00,000 only not exceeding 2,00,000.
For this I want clarification
24 February 2017
Pre-construction interest is additional deduction allowed apart from deduction of housing loan apart from two lakh 1/5 th Pre-construction interest from the year of completion 5 years.
24 February 2017
please keep that para here for showing of my DDO
24 February 2017
Ref section 24 deduction under HP income which is very clear.
24 February 2017
Though pre construction interest is allowed to be deducted on the basis of 1/5th each year beginning the year in which the construction is completed – the total amount that can be claimed in a year should not exceed Rs 2,00,000 in case of a self occupied house property.
24 February 2017
please look after this paragraph and post the paragraph or link about deducion which you seen.
25 February 2017
please give me reply to my last query
25 February 2017
I am waiting to your reply for my last query
25 February 2017
refer link https://taxadda.com/income-tax/house-property/deduction-of-interest-sec-24b/
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