Tax on pre emi of home loan

ash (eng) (35 Points)

30 April 2013  

Hi,

I had taken a home loan in January 2013 for under construction property. I opted for pre EMI till I occupy the home by December 2013. I paid pre EMI for Feb -April, in total 60,000. I will be paying pre EMI till December 2013, probably around 2,00,000 in total.

I will be renting out this property after I get occupation. Will I be able to get Tax benefit for this total amount (2,60,000) in this financial year 2013-2014?

 

Thanks,

Ashish