05 July 2009
The interest on Housing Loan for a residential flat (under construction & possession is not given by Builder) can be claimed as a deduction within limit of Rs 1,50,000/= ?
The principal re-payment can also be claimed as deduction ?
07 July 2009
on principle no benifit ya.....and benifit is on interest only....such pre completed n possessed interest can be availed in 5 installments after building is ready for use n in your possession.
07 July 2009
The interest paid will be treated as Pre-Construction Interest and deduction will be available accordingly. No deduction of Principal repayment u/s 80C.
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