Claiming of Interest paid on Home Loan

This query is : Resolved 
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This discussion explores whether interest paid on a home loan during the pre-construction period can be claimed under Section 24b of the Income Tax Act. The key point of contention is whether receiving possession on a 'fit-out basis' constitutes legal ownership for tax purposes. The advice suggests that ownership is likely not established in this scenario, preventing the claim.

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(Querist)
12 February 2020 Hello Sir,

I have a flat in noida and occupation certificate of the same is received by the builder . I received a possession on fit out basis. Can I claim the interest paid under section 24b of income tax for preconstruction period .
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
12 February 2020 No, because u r not the owner of the flat.
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vin1975

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vin1975 (Querist)
12 February 2020 Sir
Appreciate for your reply . But sir can u explain that how I am not the owner of the flat.
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Amol S Joglekar

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Amol S Joglekar (Expert)
13 February 2020 Can you please explain why do you think that you are the owner under FITOUT basis?
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