04 January 2014
I have taken a housing loan. The instalments are being paid to the bank on regular basis since June 2013 but the possession of the house is not with me and it would be given to me in 2015 only. Till then, as I understand the law, I cannot claim the rebate of interest paid on housing loan u/s 24(b) until I get the possession. But can I take the benefit of principal paid to the bank u/s 80C even before taking the possession i.e. in F.Y. 2013-14?
CAclubindia
