Hi
If loan taken on 2009 sept for constructing a house property which has not been completed till march 31st 2011. The amount of interest is Rs. 2,25,000/-. Then can we claim Rs. 1,50,000/- as deduction u/s 24 of IT act as it is neither self occupied nor letout ? Pls let me know that..
u can't claim the deduction u/s 24 unless the construction is completed. the intt for the period of construction is also allowed as deduction in 5 equal instalments after the completion of the house.
can't we claim upto Rs. 30,000/-?
hi
thanks 2 Vishal & Jitender
Triveni Turbine Limited
Bengaluru
CA
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Shaswat initial support private limited
Ahmedabad
CS
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