Check sibling questions

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

CA Maninder Singh is a Chartered Accountant for the past 14 years. He also provides Accounts Tax GST Training in Delhi, Kerala and online.