Preconstruction period interest
This query is : Resolved
18 June 2015
Hi,
I am owning a flat and got the possession 2 years back. So, since last 2 years I am claiming pre-construction period interest while filing my IT return
I know that we can claim pre-construction period interest for consecutive 5 years.
But what if I sell my flat?
If I sell my flat in this year, then would I be able to claim the pre-construction period interest for remaining 3 years?
Please answer. Thanks.
I am owning a flat and got the possession 2 years back. So, since last 2 years I am claiming pre-construction period interest while filing my IT return
I know that we can claim pre-construction period interest for consecutive 5 years.
But what if I sell my flat?
If I sell my flat in this year, then would I be able to claim the pre-construction period interest for remaining 3 years?
Please answer. Thanks.
18 June 2015
If house is sold before five years then no claim shall be available as there will no house property.
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