Housing loan interest

As you will be getting the possession of the property during the current year 2013-14, so you can start claiming the deduction towards interest paid till March2013(pre-construction interest) in 5 equal installments.  The first installment would be claimed from the current F.Y. 2013-14 and also the interest paid for the current F.Y. 2013-14 can also be claimed from the current F.Y. 

however the overall limit for the pre-construction interest and the interest paid for the current year will be 1.50lacs only.

so you can get the amortization schedule from LIC HF for the current year and also ask them to provide the certificate for pre-construction interest.  This amount of interest paid (pre & post) can be declared in your investments made.

However there is no restriction for claiming the principal paid and can take deduction u/s 80C upto Rs 1lacs even if the property is under construction or possession is not being given.  So the principal paid for F.Y. 2012-13 can be claimed in A.Y. 2013-14 while filing the return of income in July 2013.

hi thanks for your valuable replay...

But last year itself my company is not accepting my interest portion alone for claiming...

they are saying that  "still i am not taken in possion of my flat "so i cant able to calim interest and prinicple in income tax

if you have the section number please share to me i send those details to my company...