If the coborrowers apply for home loan in FY 2021-22 for purchasing plot and construction of house property and they complete the construction within 5 years of purchasing the property. in aforementioned scenario from when the coborrowers will be eligible to claim deduction and in what ratio?
Deductions of home loan is allowed from the year in which the construction is completed, preconstruction period interest is allowed in 5 equal installments
Leave a Reply
Your are not logged in . Please login to post replies
CAclubindia
