Hello all,
I have recently purchased resale flat.
My question is if there is any provision for claiming Income Tax benifit for self contribution ( approx 13 lacs) & registration amount ( 2.7 lacs).
I am aware about that principle & interest on home loan benifit.
Also i know that registration amount can be shown fro first year in income tax benefit.
Can I equally divide registration amount & self contribution over a period of time. lets say 5 years as initially principle amount on housing loan is very minimal.
Anyone please help for the same.
Regards,
Ritesh Gupta
CAclubindia
