25 June 2015
Hi! If we see the provisions of section 24(b), it is saying about :(i)interest for pre-construction period and (ii) interest for current period. Nowhere mentioned about possession. If we can produce the certificate for completion of construction, we should be allowed to claim the interest. However, in corporate cultures, employers are insisting for possession letter to allow the deduction u/s. 24(b). Rgds, Ramesh
CAclubindia
