preconstruction period interest

Preconstruction period should be 01/04/2007-31/03/2008. Interest for this period is allowable while computing the income from House Property as also allowable.

no, preconstruction period because the house is completed in the same year in which loan was taken

i agree wiht mukesh opinion and my doubt is where we can claim this interest??

The construction of the house was completed in same PY in which the loan was taken. So there is no per-construction interest. The interest for 07-08 will be fully claimed in the same PY.

Yes Mukesh's view is right

sunil

 Preconstruction interest is not to be taken into consideration as the house is completed in the very same year in which loan is taken.

Hence no deduction u/s 24. . . . .

Condition for preconstruction intrest is dat of 3 yrs from the date of loan taken dat also if the house is not completed withing 3 yrs if the house is completed within d same year in wich  loan is taken no preconstruction int will come into the pic

u cant take it as preconstruction period as constructn has been completed in the same year.. obviously u can claim d interest as deduction as regular provisions.

thanks

There is no pre-construction period interest, as the commencement and completion of of the property was in the same financial year. The interest on housing loan for current  year can claim.........

No Pre construction period to be considered because it has been completed in same year.

no, preconstruction period is there because the house is completed in the same year in which loan was taken..................
so he cant claim for interest..