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Direct Taxation

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

Dimple Keziya

Dimple Keziya

CA Inter

★ 4K+

07-Mar-20 18:00

441

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.

CA Suraj Lakhotia

CA Suraj Lakhotia

Admin

08-Mar-20 14:59

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