Section 24

Property given on Rent - Interest deduction allowed is equal to the actual interest

Property self occupied -  Interest deduction allowed to Rs. 150000

The interest deduction of Rs 150000 for self occupied property is only for property acquired after 1.4.1999 and completion of construction or acquisition of property within 3 years from date of borrowing. Please confirm?

I have purchased a property which is self occupied. However, the possession was given IN FY 2012-13 wheareas loan was taken in FY 2008-09. Can I claim preconstuction interest as deduction upto 30000 or 150000??