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House property

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(Querist)
03 August 2017 An individual has taken home loan for acquisition and construction of house on 15.5.2016. The construction of House is completed in the year 2016-17 itself. So whether there will be any pre-construction interest or not ??
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K Srinivas, CMA CS

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K Srinivas, CMA CS (Expert)
03 August 2017 Since the construction is completed before the end of the previous year in which construction began, no preconstruction period interest applies
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