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Querist : Anonymous (Querist)
14 May 2012 Whether Interest on Loan is allowed as deduction on a building during construction..???
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CA Syed Raza Abbas Rizvi

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CA Syed Raza Abbas Rizvi (Expert)
14 May 2012 if you are asking about house property answer is NO. but u may deduct pre construction period interest after completion the property in five equal installments.

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