can i cliam deduction of principle amount of loan of a under construction property????
plz reply.
Rahul jain (LEARNING & TEACHING) (435 Points)
14 April 2014can i cliam deduction of principle amount of loan of a under construction property????
plz reply.
CA Deepesh Ruhela
(Keen to Learn)
(3271 Points)
Replied 15 April 2014
The Benefit u/s 80C is available whether residential house property is rented or self occupied,but House must be completed by the end of the previous year in which deduction is to be claimed . Deduction under this section is available on Payment basis irrespective of the period for which payment has been made.
No, you can't claim deduction.
CAclubindia
