Housing Loan EMI

This discussion explores the income tax implications of a housing loan EMI arrangement where the builder pays EMIs until possession, refunding the amount after TDS deduction. The advice suggests that the builder's refund might be taxable as 'income from other sources'. It also clarifies that the interest paid during construction can be claimed in equal instalments post-possession, subject to conditions. The user is seeking detailed guidance on how to report this in their income computation and identify the relevant TDS section.