Home loan interest tax deduction

If your EMI starts from 10th Jan, then you can avail deductions for 2 months 20 days upto 31st March. If your EMI date was 1st Jan, then you may get full 3 months deduction.

As per Section 24(b) no deduction of interest shall be made (in case of self occupied property) unless the assessee furnishes a certificate, from the person to whom any interest is payable on the capital borrowed, specifying the amount of interest payable by the assessee for the purpose of acquisition or construction of the property.

So only way to get tax benifit for the complete 3 months is to arrange a certificate from the Bank for the tax payable upto 31st March. The banks do charge interest in their books till 31st March therefore you may ask them to give you a certificate of interest charged from 1st Jan-14 to 31st Mar-14.

Get the certificate from the bank and claim the interest as told by Mr Avtar Singh.

Gagan, When you prepare your IT Returns for this FY 2013-14, you may give the full details  on Housing loan Interest and Principal amounts in the appropriate places. The retrun should be shown as REFUND OF TAX  at the end. Then  easily you may get Refund of Excess tax, from the IT Department.
 

You get from your bank Certificate.