1. Whether intrest on borrowed capital for under construction house is eligible for exemption under section 24?
2. Whether EMI paid during construction of house is eligible for deduction u/s 80C?
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Exemption u/s 24 & deduction u/s 80C for under construction House
Replies (2)
how-to-claim-tax-deduction-on-home-loan-interest-payments-for-under-construction-house
1.yes, pre construction period interest can be claimed.
in 5 equal instalments after completion of property
2.EMI during construction period principal amount can be claimed on a crual basis
in 5 equal instalments after completion of property
2.EMI during construction period principal amount can be claimed on a crual basis
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