Housing loan
Joshua Dsouza (155 Points)
15 November 2020Can I claim interest on housing loan before the construction is complete????
Joshua Dsouza (155 Points)
15 November 2020
Income Tax Wala: (Fin. Expert)
(Chartered Accountants)
(2015 Points)
Replied 15 November 2020
No you can't availe benefit in such way,
you can claim the benefit of interest on a housing loan in the year of completion of house.
all the previous accumulated interest can claim in 5 equal installment starting from the year of completion.
Shivam RC
(Student)
(23683 Points)
Replied 16 November 2020
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)