15 June 2017
took loan for construction of a house last year. construction is still in progress and partly loan amount is repaid but person who has taken loan still doesn't have possession of house. can he claim deduction of interest on loan and principal repayment under income tax act?
15 June 2017
My view. section states about the completion of construction. If you get the construction completion certificate from builders, you are eligible for deduction
CAclubindia
