https://www.taxtmi.com/acts?id=20396 The second proviso to clause (b) of section 24 is amended so that the deduction cap for interest on capital borrowed for acquisition or construction of a self-occupied house is allowed if acquisition or construction is completed within five years from the end of the financial year in which the capital was borrowed, replacing the earlier three-year requirement; the amendment takes effect from 1 April 2017 and applies to assessment year 2017-2018 and thereafter. en-us Mon, 29 Feb 2016 16:17:02 +0530 Mon, 29 Feb 2016 16:17:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=20396 The second proviso to clause (b) of section 24 is amended so that the deduction cap for interest on capital borrowed for acquisition or construction of a self-occupied house is allowed if acquisition or construction is completed within five years from the end of the financial year in which the capital was borrowed, replacing the earlier three-year requirement; the amendment takes effect from 1 April 2017 and applies to assessment year 2017-2018 and thereafter. Act-Rules Bill Mon, 29 Feb 2016 16:17:02 +0530 https://www.taxtmi.com/acts?id=20396