if the housing loan interest is claimable under income tax even the house co
nstruction is not completed.
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Housing loan interest claim
Replies (3)
Interest paid (on loan taken for construction of house property) prior to completion of that property will be allowed as deductions in five equal installments from the previous year in which construction work gets completed.
Yes, but only after completion of the construction (in 5 equal installments), till that time it is accrued.
Yes you can claim interest paid before construction of house but only from the year in which house is completed. Deductiin for same is allowed in 5 equal instalments in 5 succeeding years.
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