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hOUSEING LOAN QUERY

Tax queries 563 views 7 replies

DEAR ALL,

 

WHETHER PRE EMI INTEREST IS FULLY ALLOWED AS DEDUCTION U/S 24 (B) OR IT IS ALLOWED AS DEDUCTION IN 5 EQUAL INSTALEMENT.

 

PLEASE CLARIFY THE SAME.

 

THANKS

PARMOD

Replies (7)

In five installment

Regd

Lovenish Bansal

Yup..

 

The deduction is available for 5 consecutive Years.. [Equal installments]

IN 5 EQUAL INSTALLMENTS.

Pre Construction Interest - 5 Equal Installments (Ded can be made starting from the year in which construction is complete.)

can he claim Stamp duty and registration charges paid for the same house in pre construction period after completion of construction

As the payment of registration and stamp duty paid in last year and ownership got in this year

please should go through of section 24(b) u can found answer to u r question u r selfs\

OM SAI SRI SAI JAI JAI SAI

Dear karan, you cannot claim stamp duty  and regn charges,, it will be added to the cost of the property..


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