if we take home loan to purchase a property under construction is the principle and interest deductable under section 30, 24 or watever in the ITR form? plz guide...if yes then under which sections
Menu
Interest principle of under construction deductable?
Replies (3)
The home loan deduction can only be claimed from the financial year in which the construction is completed.
prior construction period interest can be accumulated and can be claimed from the f.y. in which property constructed or acquired
Interest can be claimed under section 24b from the financial year in which the construction is completed.
Pre - construction interest paid upto the financial year preceeding the year in which the construction is complete, can be accumulated and claimed in 5 equal installments from the year in which the construction is completed.
Pre - construction interest paid upto the financial year preceeding the year in which the construction is complete, can be accumulated and claimed in 5 equal installments from the year in which the construction is completed.
Recent Topics :
- Nursing Home Taxability
- CA opted for Form 10IEA mistakenly - Demand raised
- Query on scenario related to FAST DS 2026
- Audit Executive (Remote, India) - Ace Auditing Off
- GST Transaction On Used Clothing
- ITC availed on 5%-rate passenger transport (AC bus
- Extension of Due Date of AY 2026-27
- FAST DS 2026
- Does AIS GST Purchase aggregate GSTR-2B expenses?
- Form 26A - System has encountered some technical p
Related Topics :
22 September 2026
Account Assistant
Chirag P Shah & Co. Chartered Accountant
Pune
B.Com
View Details
ARTICLESHIP
07 September 2026
Article/ Paid Assistant
Murali and Sumeet Chartered Accountant
Bengaluru
CA Foundation
View Details
08 September 2026
Semi-Qualified Assitant
Subrahmanyam & Sivudu CA Firm
Hyderabad
CA Inter
View Details
Featured
12 September 2026
Assistant Manager - Finance & Compliance
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
View Details
ARTICLESHIP
21 September 2026
CA Article Assistant
KK & Company Chartered Accountant
Pune
CA Inter
View Details
CCI
Pro
CAclubindia
