Menu
house property
Can preconstruction interest be claimed even if the house property is sold within 1 month of its completion?
Replies (2)
Yes 1/5th of the preconstruction is allowed as deduction which should not exceeds Rs.200000lac.This 1/5 will be allowed starting from the year in which house is purchased or construction is completed.In your Case you had sold your house property within 1 month so you can claim the preconstruction Interest which you had paid.
thank you
Recent Threads
- 44ADA income declaration
- Taxation of RSU sold of foreign listed entity by e
- Form26QB in case of death of joint owner (seller)
- Exemption of allowance
- Hardship compensation recd from builder (redevelop
- ITC CLAIM REGARDING EXPENSES
- Section 54 exmeption on under construction propert
- Taking too long to process ITR-2
- RCM or not
- AIS NOT OPEN
Related Threads
- Income from house property
- Buying property and 1% tds
- Tax deduction of interest on house property
- Capital gain and income from house property
- Details of property 100% ownership but in actual it was 50% what to do ?
- income from house property
- Is it must to fill section 24 (house property income) when no rental income and paying interest?
- Rental income from jointly owned house property
CAclubindia
