Housing principal paid under construction period

can we claim house loan principal paid during under construction period in the year when he gets possession of that house?
Replies (5)

u can claim deduction only after completion of construction not during construction of house property in 5 equal annual instalments  starting from the year in which the house is purchased or the construction is completed.

 

Hi Jaya Krishna,

            you are correct but telling about interest on home loan paid during preconstruction period, i know this.But, I want to know about Principal amount of loan paid during above said period?

principal amount also after completion of construction not during the period of construction of house property as per sec 80 c.

Hello,

Tax benefit of home loan under section 80C for repayment of principal part of the home loan is allowed only after the construction is complete and the completion certificate has been awarded. No deduction would be allowed u/S 80c for repayment of principal for those years during which the property was under construction

Hello,

You may not be able to claim the amount during construction. Visit Letzbank

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