https://www.taxtmi.com/forum/issue?id=1064 The operative position is that pre-construction interest for a residential property can be claimed in five equal instalments commencing after possession; this applies to interest paid prior to possession. The deduction regime differs by use: let-out properties are not subject to a monetary ceiling on such interest, while self-occupied properties are subject to a specified cap on the allowable interest deduction. en-us Sun, 29 Mar 2009 13:34:32 +0530 Thu, 23 Jan 2025 15:58:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=1064 The operative position is that pre-construction interest for a residential property can be claimed in five equal instalments commencing after possession; this applies to interest paid prior to possession. The deduction regime differs by use: let-out properties are not subject to a monetary ceiling on such interest, while self-occupied properties are subject to a specified cap on the allowable interest deduction. Discussion-Forum Income Tax Sun, 29 Mar 2009 13:34:32 +0530 https://www.taxtmi.com/forum/issue?id=1064