Subvention scheme

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Hi. If builder is paying interest on home loan directly to bank on behalf of buyer as per subvention scheme , will it be considered as interest income for the buyer. Builder has deducted TDS u/s 194A and it is reflecting in buyer's 26 AS. Also Can the buyer claim this pre-construction interest after completion of construction as it is paid by bank on his behalf.

Please clarify.

Replies (1)

 Yes to both part.


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