3 years allowed for Construction considered from which date?

Share
Share This Thread
  1. aashutoshsingh

    aashutoshsingh New Member

    Hi,

    I know that we can get IT benefit on home loan interest upto 2 lakhs rupees but there is a clause that construction should be completed within 36 month after taking the loan. What I want to know is from which time 36 months are counted, as in my case I took the first disbursement in september 2010 but till now full disbursement is not done and hopefully it will be done sometime next year.
    1. So 36 months is from first disbursement or after final disbursement ?
    2. 2 lakhs to 30,000 is only for first year or for every subsequent years ?

    Thanks,
    Ashutosh
     
  2. tripathiak

    tripathiak New Member

    My question is also same... Plz anyone reply....
     
Draft saved Draft deleted
Loading...
Similar Threads Forum Date
FD for 10years Income Tax Dec 8, 2017
Deduction under 80 D for two years health policy Income Tax Jul 25, 2017
Tax on sale of Flat possessed & Registered @ circle rate in current year but allotted 6 years ago Income Tax Jun 19, 2017
Filing Tax Return of Sale Proceeds of Plot received spread over 2 Financial Years Income Tax Apr 15, 2017
Buyer evading paying TDS for 3 years Income Tax Mar 15, 2017