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House property

Why there is a restriction on preconstruction period that is upto to the last 31 st march of construction completed period


M.Dimple Keziya

M.Dimple Keziya

CA Inter

10

07-Mar-20 18:00

33

Answers (1)

Say the house is completed in June 2020. So in P.Y 2020-21, the house is complete. We consider pre construction interest upto 31st march 2020. The current period interest is allowed as post construction interest.


Suraj Lakhotia

Suraj Lakhotia

Admin

08-Mar-20 14:59