Earlier

Acquisition/Construction should be completed within 3 years from end of Financial year where loan was taken

Now

Acquisition/Construction should be completed within 5 years of loan from end of Financial year where loan was taken

Suppose Loan was taken on 10 Jan 2010,

End of FY is 31 March 2010

Acquisition/Construction must be completed by 31 March 2015

Learn More

  1. Income Tax
  2. Amendments Income Tax for May 2017 Exams

About the Author

CA Maninder Singh's photo - Expert in Practical Accounts, Taxation and Efiling
CA Maninder Singh
CA Maninder Singh is a Chartered Accountant for the past 8 years. He provides GST Training in Delhi. Register now.