hi all,
in our company one of employee has taken housing loan and they have started deducting INterest from NOV, whether he can calim preconstruction EMI in this asst.year
Please help me,
regards
hari
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Preconstruction of EMI
Replies (1)
Interest of Pre-Construction period is not allowable u/s.24b. It will be allowed in five equal annual installment commencing from the year in which flat is acquired or constructed. However, repayment of Hsg loan is eligible for deduction u/s.80C.
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