Purchase/construction is complete within 3 years

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Querist : Anonymous

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Querist : Anonymous (Querist)
07 June 2012 Dear All,

Please help to find out the calculation of 3 years in which Construction/purchase of house is complete.
Is that 3 year is calculated on the basis to Financial year or On the basis of Day in which loan is granted???

07 June 2012 The period is to be reckoned from the DATE of TRANSFER. (In case of capital Gain)

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Querist : Anonymous

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Querist : Anonymous (Querist)
07 June 2012 thanks for your reply but i am talking about Income for House property to avail maximum interest upto Rs 150000/-.....

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Querist : Anonymous

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Querist : Anonymous (Querist)
07 June 2012 thanks for your reply but i am talking about Income from House property to avail maximum interest upto Rs 150000/-.....

07 June 2012 The Period is reckoned from end of the financial Year in which construction was start.

07 June 2012 The Period is reckoned from end of the financial Year in which construction was start.


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