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What is pre-construction period?

Total Answers 1
Answer by: VISHAL BANSAL

Pre-construction period is the period commencing from the date of borrowing of loan and ends on earlier of the following:

 ➣  Date of repayment of loan; or

➣  31st March immediately prior to the date of completion of the construction/acquisition of the property.

Interest pertaining to pre-construction period is allowed as deduction in five equal annual installments, commencing from the year in which the house property is acquired or constructed.



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