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Regarding intrest on repayment of housing loan

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Querist : Anonymous

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Querist : Anonymous (Querist)
04 January 2011 I want to know what are the conditions for availing deduction of repayment of intrest of housing loan for construction of new house property
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
14 January 2011
Housing interest can be claimed once the construction is over, what ever paid before construction need to be treated as pre construction interest can be claimed in 5 installment after completion of interest interest claiming limits Rs.1.50 lakh for self occuiped & actual interest for Let out property
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