28 April 2021
1) Deduction on account of interest on housing loan can be claimed after the construction is completed. 2) Further, you will be able to claim deduction of interest for the pre-construction period (FROM the date of borrowing TO 31st March immediately prior to the date of completion, or the date of repayment, whichever is earlier) in 5 equal installments (subject to max limit of ₹2 lacs) starting from the PY in which the construction is completed. 3) For more on pre-construction period interest: https://cleartax.in/s/case-study-deduction-for-pre-construction-interest
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