What is availability of Interest and Principal Payment deduction during pre construction period on Flat purchase ??
Can we take deduction of principal during preconstruction period ?
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Interest and Principal Payment deduction during pre construction period on Flat purchase
Replies (2)
is there any benefit available of GST paid on Flat Purchase ?
1.only pre construction intrest paid shall be allowed as deduction u/s 24 in 5 equal installment .
2. u can't take deduction of principal paid during pre construction.
3. If u r not engaged in business then no benifit will be available of GST paid
2. u can't take deduction of principal paid during pre construction.
3. If u r not engaged in business then no benifit will be available of GST paid
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