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of <h1>Loan Interest Deduction: Claim Rs. 71,000 Annually for Pre-Construction Interest from 2012-13 to 2016-17.</h1> A loan of 5,00,000 was taken on 01-05-2006 for property construction, which concluded on 07-09-2012. The interest rate is 1%. The pre-construction/acquisition period is from 01-05-2006 to 31-03-2012, resulting in a calculated interest of 3,55,000. This interest is deductible over five financial years, from 2012-13 to 2016-17, at 71,000 per year. Interest from 01-04-2012 to 31-03-2013 is deductible in the current financial year, excluding the period from 01-04-2012 to 07-09-2012 as pre-acquisition/construction.
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