Housing loan interest and principal payment.

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

15 March 2018 Is there any way to claim under income tax of interest and principal payment of housing loan where house is under construction..? Kindly reply... thanks in advnce

Nikhil Kaushik

Nikhil Kaushik (Expert)
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15 March 2018 no. you cannot claim the deduction during the construction period.

Querist : Anonymous

Querist : Anonymous (Querist)

16 March 2018 Okey thanku sir. Can I refund it if my construction would complete before filing income tax ..?? Is there any issues if I submit completion certificate from Engineer on this last of march 2018 on filing date to IT dept.

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Nikhil Kaushik

Nikhil Kaushik (Expert)
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16 March 2018 the completion has to be before the end of the financial year