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Pre acquisition interest deduction under house property

This query is : Resolved 
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(Querist)
01 July 2015 Dear Sir/Madam,

Kindly provide your guidance on deduction of pre acquisition interest on house property u/s 24 if possession is not received within 3 years from the date of taking loan.

Can we claim the same?
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CA. Sunil Gokhale

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CA. Sunil Gokhale (Expert)
01 July 2015 Yes, you can claim deduction. It is not necessary that you have to get possession within three years of taking the loan for claiming deduction for pre-acquisition interest. However, deduction will start only after you get possession.
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