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House property

This query is : Resolved 
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(Querist)
11 July 2015 Is there will be any prior period interest if we repay the loan before construction of property while computing house property income
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CA John Abraham Austin ACA

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CA John Abraham Austin ACA (Expert)
11 July 2015 It will be allowed in 5 installments commencing from the year in which the construction is complete.

I.e, 1/5 th in the first year and so on till 5th year.
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