Deduction under income from house property
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
15 April 2013
In case I take a loan for purchase of a flat in an under-construction building, will I get a deduction for the interest paid on such loan for the period before possession? What date should be taken as a date of acquisition in such cases?
CMA Ramesh Krishnan
(Expert)
01 August 2013
interest deduction cannot be taken before completion of construction of house, whateve interest pre construction can be claimed in 5 equal installment after completion
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