Preconstruction period interest

amit (sddsfd) (116 Points)

04 April 2014  

Dear All,

Pre-constructin Period Interest is allowed in 5 equal installments. But If I wont able to claim Preconsutruction Period Interest because my House Property is Self Occupied Property [SOP] limiting upto Rs.150,000 interest limit for 1st 2 years.

Then after 2 years my SOP become Let Out Property [LOP] Thereby I able to claim unlimited inerest where can I take the benefit of per-construction period interest which was lost in 1st 2 Years as I unable to claim it due to SOP Limit to Interest.

Please can anybody clarify