Dear all,
I have Bought a flat this year in Jan 2011, and have taken a Loan from SBI.
I have already started the Full EMI on my loan amount.
My flat is under construction and it will get over by Aug 2012.
Can i claim tax deduction of Interest paid in this Year, as at few places i read that it can not be claimed if the flat is not fully completed in this year and at few places its written that i can claim, if it will be ready within a span of 3years.
Kindly help me in this regard.