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Plz guide if the pre constrction interest can claim as deduction under the said section? and whats its teatment
From India, Mumbai
KINDLY NOTE THAT WHATEVER THE INEREST PAID BY YOU PRIOR TO COMPLETION CERTIFICATE OF PROPERTY FROM THE COMPITENT AUTHORITIES THE SAME AMOUNT CAN BE CLAIMED IN NEXT 5 YEARS IN EQUAL INSTALMENTS.
PAID INTEREST IN 2012-13 & 2013-14 FOR RS.1,00,000
YOU GOT THE COMPLETION IN 2014-15
YOU CAN CLAIM RS.20,000 EACH FROM 2014-15 TO 2018-19 IN ADDITION TO WHATEVER INTEREST PAID DURING THE 2014-15 TO 2018-19

From India, Pune
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