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Deduction of Home Loan d Interest in period in Under construction or Pre ,-construction

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35 Points Posted on 10 March 2022
sir ,How take interest of Home loan under construction means under construction? and Not get completion certificate but sale deed. made ? pls explain in details
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On 10 March 2022 at 11:46 Report
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CFO- at NHTF
58280 Points Posted on 10 March 2022
Home loan or interest paid for house under construction can't be claimed during construction..

Only interest can be claimed after the construction is completed.

Get occupation certificate to claim
59 Reply
On 10 March 2022 at 14:54
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Chartered Accountant
12739 Points Posted on 11 March 2022

1. Interest paid for the House Property construction can be claimed u/s 24.

and pre- construction interest ALSO can be claimed in 5 equal instalments.

 

2. "Principal amount" of Loan taken for House Property can be claimed u/s 80C

40 Reply
On 11 March 2022 at 13:12
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CFO- at NHTF
58280 Points Posted on 13 March 2022
As per records it's still under construction.So it can't be availed
59 Reply
On 13 March 2022 at 09:31


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