Interest on housing loan claim

This query is : Resolved

Pratima (Querist)
Follow

28 April 2021 hi,
My flat possession in dec 21, i can claim interest on housing loan for TDS computation.

My home loan alrady starter last 2 year.

I can claim

CMA Poornima Madhava

CMA Poornima Madhava (Expert)
Follow

28 April 2021 1) Deduction on account of interest on housing loan can be claimed after the construction is completed.
2) Further, you will be able to claim deduction of interest for the pre-construction period (FROM the date of borrowing TO 31st March immediately prior to the date of completion, or the date of repayment, whichever is earlier) in 5 equal installments (subject to max limit of ₹2 lacs) starting from the PY in which the construction is completed.
3) For more on pre-construction period interest: https://cleartax.in/s/case-study-deduction-for-pre-construction-interest

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Ashwin Tanna

RAGHUNATH KASIBHOTLA

T Ramachandran

R Prabhudoss

Chaitanya Voolla

Subscribe Now

Interest on housing loan claim

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

GST CONSULTANCY

CA Final

GST CONSULTANT

Manager- Finance and Compliance

Accountant