Income from house property

Direct Taxation

Illustration 6 pg.4.136 Why rs. 72000 is added to interest instead of rs.360000?

Pooja .

CA Final

★ 210

04-Aug-22 13:20

559

Answers (2)

360000 is accumulated interested, only interest for the year ( 360000/5= 72000)is added to claim deduction

Sajeetha R

CA Final

★ 46K+

04-Aug-22 13:27

Total amount of Rs3,60,000 is the interest for the pre-construction period. It should be availed over a period of 5 equal annual installments.

Avasarala Vivek Aditya

CA Inter

★ 6K+

04-Aug-22 15:53