It rule on pre emi interest on under construction property

HARDAMAN SETH (Head-Corporate Solutions Group)   (81 Points)

17 March 2018  

Iam a salaried class officer who brought a under cosntruction flat in FY 2013-14 by taking a home loan from a bank for construction linked disbursals. I repaid the loan in FY 2016-17 and the flat got ready for possession in FY17-18. I have taken the possession of this flat just recently and the flat is currently vacant. 

I have another property that i have rented out and for which iam paying the EMIs on the loan that it took to acquire it ( it was a resale property). On that property i have been claiming the   loss under "Loss on House Property" for many years now.

My query is how can i claim the pre EMI interest on my property that i brought under construction, if at all? Will it be a part of the now capped Rs 2 lacs limit under the "Loss on House Property"? 

Thanking in anticpation.

regards