banner_ad

PRE CONSTRUCTION INTEREST CLAIM ON LET OUT PROPERTY

ITR 903 views 5 replies

Hi, 

Can somone please clarify if I can claim deduction u/s 24(b) for the pre-construction interest, if the property was let out in the FY when I'm claiming the deduction ? 

Also, is the home loan need to be still running in the FY when I'm claiming the deduction ? 

Thanks

 

 

Replies (5)

pre-construction interest can be claimed in 5 equal instalments from the year in which the house was completed. If it is not let out, the limitation placed on claim for loss under house property will kick in. 

 

no, the home loan need not be active for claiming the pre-interest deduction.

Thanks for the clarification. 

So, I can claim the pre construction interest even if the property is let out, right ? 

 

Yes you can

Thanks everyone for the clarification.

Hi, if the preconstruction interest is to be claimed in year3 for letout property, is it that the tax regime for all the 3 years when loan was availaed till construction complete years 1, 2, 3 has to be same ? i.e. If I am availining a loan in 2025 and intend to use Old tax regine in 2027, then do I have to also choose old tax regime in 2025 ?


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
16 May 2026
Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details
Company
21 May 2026
Associate

PWC

Kolkata

CA

View Details
Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details
Company
ARTICLESHIP 15 May 2026
Audit Assistant / Article Trainee / Intern

SSGS and Associates

Chennai

CA Inter

View Details
Company
22 May 2026
Sr. Financial Analyst - Consolidation

Search Synergy

Mumbai

CA

View Details
Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details
Company
ARTICLESHIP 23 May 2026
Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details