Condition 1- In FY 22-23, I take a loan from bank for purchase a completed flat for self occupied from Mr. X.
Condition 2- In FY 22-23, I take a loan from bank for construction a flat for self occupied from Mr. Y.
From when I can claim the Interest amount u/s 24 in Condition -1 & 2?
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Deduction on Home Loan Interest
Replies (4)
1. From the day of occupation of house or repayment of loan EMI, whichever latter.
2. From the date of receipt of Occupation Certificate
Generally receipt of loan and possession certificate is essential .
Thank you both of you for your response.
You are welcome..
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