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Tax benefit on housing property
Dear sir,
My One house which is Self Occupied Property
Now, I wanted to buy another house Property ( loan granted interest paid in this year ) which is under construction
What is the tax benefit in A.Y. 2017-18
Replies (2)
No benefit in current year. Only the interest for the pre-construction period can be availed for deduction in five equal installments from the year the construction is complete.
It means I can take benefit against only Old Property , also In this year FY 2017-18 can I get tax benefit of 2 houses (SOP AND another Under Construction Property)
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