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Home loan for construction of house

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Querist : Anonymous

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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
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CA Rashmi Gandhi

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CA Rashmi Gandhi (Expert)
26 July 2017 You can get deduction in Sec 80C from Year 2017.
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CA Rashmi Gandhi

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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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