Interest on housing loan
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 February 2013
I have purchased flat in F.y 2012-13 but not getting the possession before march. I have paid stamp duty & registration charges in F.y 2012-13 & also my regular housing loan EMI started from Feb 13 can I calim both i.e stamp duty & registration charges & regular EMI for Income Tax purpsoe. Also if the pre emi interest is charged by bank in F.y 2012-13 & the possession will get after March 13 can i claim the interest beneift in F.Y 2012-13 pls guide
21 February 2013
Interest benefit can be claimed only after getting the possession of house. Whatever interest is paid in f/y 2012-13 and i/5th of the interest paid before getting the possession(including Pre-emi interest) will be eligible for deduction in A/y 2013-14.
However payments of stamp duty and registration can be claimed in the year of payments iteself.
However payments of stamp duty and registration can be claimed in the year of payments iteself.
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21 February 2013
agree with expert Harleen batra.
rest interest will be allowed in next 4 years
rest interest will be allowed in next 4 years
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