Menu
Pre incorporation interest(house property)
Interest for pre construction/acquisition period is allowable in 5 equal instalment beginning from the year of completion of house property.
but what if that property is sold before the completion of 5 years?
Replies (3)
Can be adjusted against capital gains!
Can we still claim 1/5th portion of remaining interest ??? even if property is sold.
new property also purchased so we already get deduction U/s 54.
" Can we still claim 1/5th portion of remaining interest ??? even if property is sold"
NO. Property sold, home loan accounts closed!
Recent Threads
- International Tax clarification UK.
- E way bill expired penalty
- Best SME Focused AIF Funds in India for High Growt
- How does employee management software help in stat
- Clarification Required – Section 18 of Wage
- How to split freelance project income with a frien
- 194a for A y 2024-25
- Compensation & Benefits
- SAC code and GST rate transport services for anima
- Section 44AB is Gone — How Different is Tax
Related Threads
CAclubindia
