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 ?
Can this interest be considered in the nature of preconstruction period interest ?
25 March 2015
if possession is not obtained for flat b but letter of allotment is recieved then int can be claimed
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.
This interest has to be considered as construction period interest.
25 March 2015
this property is was not under construction but was purchased hende pre construction int cant be applied.
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