Home loan possession and tax rebate
This query is : Resolved
14 January 2016
I have invested in an apartment for which the OC is expected by March 2016 and the registration by April 2016. Will I be eligible for tax benefits for the home loan interest?
Also since I do not indent to stay there, should I be claiming the tax benefits after declaring as a letout property.
Also since I do not indent to stay there, should I be claiming the tax benefits after declaring as a letout property.
14 January 2016
Pre construction housing Loan interest eligible 5 equal Instalments from the date of completion,
If you are not stay than you can show rental income, you can claim interest u/s 24 upto 150000/- on principal u/s 80C.
If you are not stay than you can show rental income, you can claim interest u/s 24 upto 150000/- on principal u/s 80C.
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