House property

As regards the Principal amount of Home Loan , deduction is available u/s 80C for the AY 2014-15.

But for the Interest on Home loan u/s 24b, no deduction can be claimed since the possession is transferred only in the current FY. Hence you can claim the interest as pre-emi interest in the next year.

Also there is one Sec 80EE which is applicable for only AY 2014-15 and 15-16. If the conditions of that section are satisfied, the interest can be claimed this year itself.