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Interest under section 24

Others 270 views 4 replies

Srinivas Pyata

543 Points Posted on 05 March 2019

what is the maximum interest that can be claimed under 24 if the construction has completed after 5 years.

Replies (4)

Dhirajlal Rambhia

SEO Sai Gr. Hosp.

211715 Points Posted on 05 March 2019

30.000/- Rs.

Srinivas Pyata

543 Points Posted on 05 March 2019

completed after 5 years then we can claim 30000. what will be maximum interest that can be claimed for current year(construction competed in 2016)

Gaurav

SELF EMPLOYED

100 Points Posted on 05 March 2019

Once the conditions are not satisfied it will be restricted to Rs 30000 per annum till the entire loan gets repaid. In your case every year you can only claim RS 30000.

PUSHP KUMAR SAHU

CA FINAL ASPIRANT

3115 Points Posted on 07 March 2019

30000 as per section 24

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