Hello Mr.Sreekath,
I read your blog on the under construction house ,how to claim tax deduction and loved it..got to know alot on it..
However I had a couple of queries on this and I am not able to post it on the blog in comments.
I have taken a home loan of 30lakhs on 24 feb 2016 .
From March 2016 till Dec 2016 we paid the pre-emi as per the disbursement ranging from 10k to 17k.
From Jan 2017 our emi started of Rs.28500 per Month.
The possession is in June 2018 , which is still not fixed.
Can you suggest how do i show these amounts in the tax deduction in my office.
As till the possession we cannot show the emi as per rule is what I read in the Article.
Please suggest would be grateful.
1 Answers
Hi,
As the possession is not yet happened, kindly note that you can not claim tax deductions on an under-construction property.
(Blog comments have been disabled for articles which are >12 months old)
Related articles :
https://www.relakhs.com/under-construction-house-how-to-claim-tax-deduction-on-home-loan-interest-payments/
https://www.relakhs.com/understanding-tax-implications-of-income-from-house-property/
https://www.relakhs.com/income-tax-exemptions-fy-2017-18-list/
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