Housing loan
This query is : Resolved
16 January 2015
Hello,
I have purchased flat but still I have not got possession of the same but I am paying EMI for the same to bank..so can I take this deduction from my IT or I have to Waite till possession. I am salaried employee.
Vikram
I have purchased flat but still I have not got possession of the same but I am paying EMI for the same to bank..so can I take this deduction from my IT or I have to Waite till possession. I am salaried employee.
Vikram
Amol S Joglekar
(Expert)
16 January 2015
the interest can be claimed in 5 equal parts....starting from the date of possession
Message likes :
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Rupesh Jain
(Expert)
16 January 2015
you can take deduction of intt . during the construction period . after completion of house in five eqaly installment from year when passion recd.
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