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house property

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(Querist)
11 February 2010 I have been alloted a flat in a society scheme & Paid some installment to builder for construction of house. The installments paid is from my own savings and not from borrowed capital. the house is still under const. i.e. construction is yet to be completed. my query

will the amount paid by me till date which is out my own savings is eligible for deduction under income tax and in which section .

pls. specify
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
11 February 2010 If u are a member/shareholder of the co-operative society, the amount paid can be considered for deduction under section 80C(2)(xviii).
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