Under construction house: Interest expense
This query is : Resolved
05 October 2021
I have an under construction house property for which I have availed home loan. I paid 1 lac interest in FY21. Construction of the property will be completed by FY23. While filing income tax return for FY21, where to mention interest expense on under construction house so that I can avail benefit post completion of property.
05 October 2021
No question of reporting the same in current ITR.
Just keep the interest certificate issued by bank for future reference.
You can avail the deduction of pre-construction period interest, based on these certificates.
Just keep the interest certificate issued by bank for future reference.
You can avail the deduction of pre-construction period interest, based on these certificates.
05 October 2021
Thank you so much sir for prompt response 🙏
05 October 2021
Most Welcome ....
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS related query on tds deducted and return filed but later on credit note issued
- Showing rebate on agricultural income in tax payable on total income
- TDS reverce related query
- GST Partners addition
- Non-disclosure of Foreign Shares & Dividend in Past ITRs – How to Rectify & Report Now?
- Complete TDS taxation rules for NRIs(Middle East) for Equity Mutual Funds
- ICWAI-Final best coaching center for online by English
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Refund_ Insufficient in credit ledger
- EPF Withdrawal Where to show in ITR2
Trending Online Classes
-
Input Tax Credit, GST refunds and Recovery of refunds- Roadblocks and way outs
CA Nipun Arora03 September 2025 -
GST LIVE Certification Course - 43rd Weekdays Batch(With Govt Certificate)
Industry Expert15 September 2025
CAclubindia
