Dedn of int paid on hsg loan (before rcvng oc of the bldg)
This query is : Resolved
Yogesh Joshi
(Querist)
25 August 2019
Hi
I have purchased a home, with housing loan. Registration of home was done in Dec 2018 & about 95% loan was disbursed in same month. Dec EMI contained only interest. From Jan 2019 onwards, EMI contained both principal & Interest. In April, when balance 5% loan was disbursed. Building OC was received in Jun 2019.
My query is, whatever interest, I have paid from Dec 2018 to March 2019, whether it can be claimed as deduction/loss from house property, while filing Income Tax return for AY 2019-20.
Home purchased, as mentioned above was my second house property. I have one Self Occupied Property, in which I am living now.
I have purchased a home, with housing loan. Registration of home was done in Dec 2018 & about 95% loan was disbursed in same month. Dec EMI contained only interest. From Jan 2019 onwards, EMI contained both principal & Interest. In April, when balance 5% loan was disbursed. Building OC was received in Jun 2019.
My query is, whatever interest, I have paid from Dec 2018 to March 2019, whether it can be claimed as deduction/loss from house property, while filing Income Tax return for AY 2019-20.
Home purchased, as mentioned above was my second house property. I have one Self Occupied Property, in which I am living now.
CA R SEETHARAMAN
(Expert)
26 August 2019
Claim it over a period of 5 years in equal amounts.
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