Interest under house property

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

25 March 2015 Suppose there are 2 flats . Flat A & B. Flat A is a SOP. There is no loan outstanding on flat A. Flat B is a flat whose possession is not yet obtained. So can we claim the interest on housing loan paid on Flat B U/S 24 ?
Can this interest be considered in the nature of preconstruction period interest ?

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
Follow

25 March 2015 if possession is not obtained for flat b but letter of allotment is recieved then int can be claimed

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

25 March 2015 Interest paid during construction period has to be accumulated and claimed over a period of 5 years from the date of completion of construction.
This interest has to be considered as construction period interest.

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
Follow

25 March 2015 this property is was not under construction but was purchased hende pre construction int cant be applied.

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

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

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

debi patnaik

Sridhar h s

venkatesh c

Chandrasekhar gadde

Pranab Banerjee

Subscribe Now

Interest under house property

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Accountant

Article Assistant

GST CONSULTANT

Manager- Finance and Compliance

CA Final

GST CONSULTANCY