Pre emi interest on home loan

P Venkata Devaraj (Project Mgr.) (54 Points)

19 December 2013  

Hi,

I am currently paying pre EMI interest on my Home loan as the construction of the apartment is in progesss and the expected date of completion is Mar 2015.

There is no provision provided by companies which asking for tax declaration or tax proof for providing necessary deduction of exemption in the income-tax calculation for Pre EMI interest paid on Home loan.

I would like to know where should I disclose the pre EMI interest paid each year, so that I can start claiming the benifit in 5 equal instalments starting from the year I take possission of the apartment ?

 

Regards,

Venkata Devaraj P