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Deduction under income from house property

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Querist : Anonymous

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Querist : Anonymous (Querist)
15 April 2013 In case I take a loan for purchase of a flat in an under-construction building, will I get a deduction for the interest paid on such loan for the period before possession? What date should be taken as a date of acquisition in such cases?
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
01 August 2013 interest deduction cannot be taken before completion of construction of house, whateve interest pre construction can be claimed in 5 equal installment after completion
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