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

Dimple Keziya

CA Inter


07-Mar-20 18:00


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


08-Mar-20 14:59

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