Hi friends!!!
Income-tax provides for deduction of Rs. 1.50 lacs on account of interest on housing loan in case of Self -occupied house property.
Further, it is provided that any pre-construction interest is allowed as deduction in 5 equal annual installments.
Is this installment of preconstruction interest also covered within limit of Rs. 1.50 lakhs for deduction on interest on Housing Loan?
yes it is included in 1.5 lakh
| Originally posted by : future ca | ||
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yes it is included in 1.5 lakh |
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can u give case study.
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