Menu
Application of sec 24
A land is purchased by taking a loan from bank. Is interest is admissible deduction u/s 24.Land is purchased for housebuilding purpose in future.
Replies (1)
No sir interest can be claimed as deduction only after completion of house property.
After completing construction u can claim pre construction interest in 5 equal installments.
Recent Topics :
- Income tax on Australian Stipendiary Steward on 3
- INCOME TAX SECTION 92E
- Queries on Tax Invoice and GST
- Income Tax Auditor Tenure for Small Companies
- Sec 8 company sec 12ab reg
- AIS Password: How to Open Your AIS PDF?
- Interview Questions
- ITR Filing Last Date 2026
- Tds - filing Conso File for tax year 2026-27
- ITR-3 Filing For AY 2026-27 - Tips
Related Topics :
CAclubindia
