Home loan for construction of house
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 July 2017
I want to construct my house. If i take a loan from bank for construction of my house in july 2017 and suppose my house construction completed in july 2018. then how can i claim tax benefit of EMI started from month july 2017
CA Rashmi Gandhi
(Expert)
26 July 2017
You can get deduction in Sec 80C from Year 2017.
CA Rashmi Gandhi
(Expert)
26 July 2017
Also Interest paid from July 2017 to March 2018 will allowed in 5 equal installments in next 5 A.Y.
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