It rebate under sec 24b for provisional possession

1076 views 1 replies
I took a home loan from HDFC in April 2011 and my flat was under construction till date in Noida, my builder has offered for provisional possession in Jan 2015 (for fitouts) as completion certificates are presently not being issued by NOIDA due to NGT issue and subsequently sub-lease deed can also not be executed as of now. My questions are 1. Can i claim rebate for interest under section 24 b from this FY (2014-15) after payment of all dues of the builder & taking this provisional possession for fitout in this FY 2. What are the exact documents needed to prove the completion of construction or possession, mentioned in section 24b of IT act, to claim IT rebate for ineterest ? Consider the property to be self -occupied for this FY
Replies (1)

Better not.

I was trying to search the case which I read, wherein the AO denied the deduction on such an incompleted property, but couldn't

Letter you would be receiving will also be a provisional one , there is no completion certificate, property has been given for fitout

AO would never allow deduction for this.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register