Deduction of preconstruction interest from gross vaule

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DINESH SHARMA (Querist)
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27 April 2013 Iwant know that if an individaul PAY take aloan as on 01/04/2009 INTEREST OF Rs 1500000 p.a. from 2010 to 2013 i.e 6000000
for house loan and constrution complete as on 31/03/2013 than can he cliam as deduction u/s 24 as preconstruction interest amt. of Rs.1200000 + 1500000 property is let out

kunal

kunal (Expert)
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27 April 2013 yes you can claim deduction of pre construction period in 5 installments..

and for let out properties there is no restriction u/s 24..
thanks!!

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