Income tax Computation

u can not take benefit of interest U/s 24. It is pre construction period intt., it should be adjusted in next 5 years.

Rajendra Pandey is right u can not take benefit of interest U/s 24.

hello sir ....!

u can take the benefit under section 24 as pre construction period.........!

That can be adjusted in 5 years.......!

you can claim pre construction period interest over a period of 5years

Dear M.S Rao,

HRA Benifit/Exemption  & Deduction of Housing Loan repayment (principal +Interest) can be claimed together, no problem with that..

Further, agree with other friends that unless construction gets completed Loan benefit will not be allowed...

Interest of preconstruction period will be allowed in 5 equal annual installments...whereas principal of preconstruction period will not be allowed at all....