Hi, Me and my wife have taken a joint loan for a property that is being built. I have read that only after the property is completed and having got possession of the same can I claim exemption under 80C and sec 24B. I have already started paying the EMI's towards the loan of 30 Lakh. Is there any provision for me to claim exemptions this year since I am already paying EMI's? Anyone please help me.
Hi
If you could complete construction /get possession by 31st March 14 then only you can claim deduction.
Thx
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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