Interest on home loan for property partly under construction

Tax planning 124 views 2 replies

I have purchased a residential flat which is unofficially in ready to move condition in a complex comprising of total 6 Blocks, out of which 5 blocks are in ready to move condition and 1 block is under construction. Developer said that the (CC) Completion Certificate yet to be received (around January 2020) as the total project is under construction. Can I claim deduction on interest portion of emi paid on housing loan for this year (FY 2019-20 AY 2020-21).
 

Replies (2)

Get a completion certificate of your the flat from a certified engineer (usually builder provides)

taking this certificate insist bankers to issue a interest certificate to claim the same for IT Purposes.

Regards

CA prem

9884343669

Thank you so much


CCI Pro

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