Section 24 Amendment: Interest Deduction Extended to Five Years for Property Acquisition or Construction.

Section 24 Amendment: Interest Deduction Extended to Five Years for Property Acquisition or Construction. https://www.taxtmi.com/highlights?id=27563 Amendment of section 24. - the deduction of an interest amount of two lakh rupees under the said proviso shall be allowed if the acquisition or construction is completed within five years from the end of the financial year in which the capital was borrowed. [old three years] en-us Mon, 29 Feb 2016 22:34:56 +0530 Mon, 29 Feb 2016 22:34:56 +0530 TaxTMI RSS Generator Section 24 Amendment: Interest Deduction Extended to Five Years for Property Acquisition or Construction. https://www.taxtmi.com/highlights?id=27563 Amendment of section 24. - the deduction of an interest amount of two lakh rupees under the said proviso shall be allowed if the acquisition or construction is completed within five years from the end of the financial year in which the capital was borrowed. [old three years] Highlights Bill Mon, 29 Feb 2016 22:34:56 +0530 https://www.taxtmi.com/highlights?id=27563