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Deduction of Home Loan d Interest in period in Under construction or Pre ,-construction
sir ,How take interest of Home loan under construction means under construction? and Not get completion certificate but sale deed. made ? pls explain in details
Replies (3)
Home loan or interest paid for house under construction can't be claimed during construction..
Only interest can be claimed after the construction is completed.
Get occupation certificate to claim
Only interest can be claimed after the construction is completed.
Get occupation certificate to claim
1. Interest paid for the House Property construction can be claimed u/s 24.
and pre- construction interest ALSO can be claimed in 5 equal instalments.
2. "Principal amount" of Loan taken for House Property can be claimed u/s 80C
As per records it's still under construction.So it can't be availed
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