Interest deduction u/s 24(b)
This query is : Resolved
deshan bafana
(Querist)
03 March 2023
If an person takes loan against property for construction purpose whether deduction of interest u/s 24(b) is allowed
CA R SEETHARAMAN
(Expert)
04 March 2023
Interest during construction accumulated and allowed as deduction over a period of 5 years after completion.
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