Deduction of home loan

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Accounts Manager
181 Points Joined October 2016

Dear all,

I have taken home loan for new house property. I will get possession on Dec 18. can i get deduction of Home loan principle & Interest in the F Y 2018-19

Further, If I get possession in the F Y 2019-20 Can I get deduction for Home loan principle & Interest in the F Y 2018-19 

Please explain

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On 14 April 2018 at 15:20 Report
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Chartered Accountant
12739 Points Joined December 2016

LAON LOAN PAYMENTS IN 2017-18 SO U CAN TAKE BENEFIT OF THE SAME IN A/Y 2018-19

PRINCIPAL U/S 80C

INTEREST U/S 24(b) 

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On 14 April 2018 at 15:26
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Fellow CA
86871 Points Joined June 2009

if you get possession in 2019-20, then you cannot claim deduction in FY 2018-19

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On 14 April 2018 at 17:19


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