80 C Deduction

Conditions to claim this deduction

To qualify for this deduction:

1. The home loan must be for purchase or construction of a new house property.
2. The property must not be sold in five years from the time you took possession. Doing so will add back the deduction to your income again in the year you sell.

YES, U CAN CLAIM 

Originally posted by : NAVEEN CHAND
	Conditions to claim this deduction To qualify for this deduction: The home loan must be for purchase or construction of a new house property. The property must not be sold in five years from the time you took possession. Doing so will add back the deduction to your income again in the year you sell. YES, U CAN CLAIM

The home loan deduction can only be claimed from F.Y in which construction is completed. So, you can't claim deduction during the construction period.

Correct me Naveen, If i am wrong.

Interest during the pre construction period can be claimed as deduction over a period of 5 years in equal annual installmets commencing from the year of acquisition or completion of construction.