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Home loan interest in itr
Dear Sir,
I have taken possession of a flat in dec 2015. I had taken loan for this in Nov 2011. The completion of flat was in march 2015. Am I eligible for deduction of pre-construction interest on loan in 5 installments. Also tell me If I can claim it in return to be filed for AY 2016-17.
Thanks a lot for your time.
Replies (1)
For self ocupied, you can claim 1/5th amount till 2Lac limit. You could have started claiming is 15-16 as well I think, Your house construction period does not seem to be within 3 years, please check
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