Home loan tax refund
This query is : Resolved
13 January 2019
Hello, self got a loan of 30 lacs for purchase of a flat and was cleared by SBI in Oct 15. House was under-construction and got completed in Dec 17. Hence after receiving the possession letter in jan 18, I filed the ITR in mar 18 for refund. Query for above is that for 17-18, I have received tax refund, but for years 15-16 and 16-17 can I ask for tax refund. If yes then how. As max limit is 60000/- that for each year m eligible. So should I forget the tax rebate of previous years for which I have paid the loan but not filed the ITR due to possession letter.
Thank you
Regards
Thank you
Regards
13 January 2019
any amount of interest for the years before you got the possession, needs to be claimed in subsequent five years in five equal instalment.
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