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House property

ITR 174 views 4 replies
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PRACTICE IN INDUSTRY
21 Points Joined July 2016

Hello experts,

I have take home loan in 5th july 2015 for construction new house. But due to some reason I have started construction as on 7th August 2018 and I have paid Total interest for 2015 -16 , 2016-17, 2017-18 is 19640 Rupees can I claim this interests as deduction under section 24 ?

Please healp 

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On 02 August 2019 at 20:15 Report
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12244 Points Joined May 2017
if construction completed within 5 years, claim 1/5th pre-construction period interest as deduction
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On 02 August 2019 at 23:38
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78 Points Joined January 2019
u can claim deduction of interest only after completion of construction over a period of 5 years in equal installments
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On 03 August 2019 at 02:38
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17264 Points Joined December 2018
even 2018-2019 interest eligible under 1/5th after construction
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On 03 August 2019 at 12:23
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PRACTICE IN INDUSTRY
21 Points Joined July 2016
Thanks all for help 😊
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On 30 August 2019 at 11:14

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