New deduction would be availed if your assets has been acquired having a mortgage on the otherwise once first April 1999, therefore the purchase of the property could have been completed inside five numerous years of using mortgage.
Deduction getting interest reduced when you look at the construction months The newest deduction for focus reduced inside period in advance of purchase shall be availed following acquisition of the house or property. The eye count would be said into the equal instalments more than five ages. Eg, Rajesh repaid an interest away from Rs. 75,100000 for the design period. (más…)