Poonawalla fincorp
Poonawalla fincorp

Home loan interest claim in itr

This query is : Resolved 
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(Querist)
09 June 2019 I have purchased a under construction flat. I have borrowed a loan from hdfc home loans. I am expecting to get possession of flat by next year. My EMI (principal + interest) is started from December 2018.
My question is can I claim the interest paid for under construction house in ITR?
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CA Rashmi Gandhi

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CA Rashmi Gandhi (Expert)
09 June 2019 No you can't. Interest paid before construction allowed from the year of construction in 5 equal instalments for next 5 years.

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