1. I availed a housing loan in April 2017. As only 70 months are allowed to repay the loan, EMI also started from April 2017. The flat is being constructed and possession will take place in December 2017. If I let out the property for 3 months in 2018, can I claim the instalments of Principal u/s 80 C and deductions from the house property income u/s 24 for the whole f.y.2017-18.
2. One owns 3 houses and one is self-occupied and the rest are let out. Can he disclose the one let out property as self-occupied and the self-occupied one as let out property to maximize the income tax benefits.
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