House property

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

CA Inter

★ 4K+

07-Mar-20 18:00

934

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

Admin

08-Mar-20 14:59