treatment of interest in loan
megha Aggarwal (157 Points)
21 August 2019megha Aggarwal (157 Points)
21 August 2019
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(174190 Points)
Replied 21 August 2019
If possession received within 5 years of loan disbursement, then the accumulated interest can be available for deduction u/s. 24(b) of the act, in five equal installment.
megha Aggarwal
(157 Points)
Replied 21 August 2019
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(174190 Points)
Replied 25 August 2019
So, no deduction will be allowed for pre-construction interest paid/accrued.
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