Hi,
I am a salaried person with a package of about 12 lacs and need some clarification regrding tax rebates.
I have taken a home loan of 45 lacs on aug 2015 for an under construction property, the same has been completed and handed over to me (self occupied) on dec 2015.
I was living on rent of 15,000 per month since 1 april to 31 Dec.
other details are as follows:
interst before possesion: 140000
interst after possesion: 120000
Principal paymet before possesion: 30000
Principal paymet after possesion: 120000
Please help me out
CAclubindia
