Hi All,
I had taken Home Loan from a bank in December 2015 and has been paying interest since then. Am I eligible to claim the interest amount for deduction while filling ITR for FY 17-18? Please advise at the earliest.
- This is the 1st house you have purchased
- Value of this house is Rs 50 lakhs or less
- Loan taken for this house is Rs 35 lakhs or less
- Loan has been sanctioned by a Financial Institution or a Housing Finance Company
- Loan has been sanctioned between 01.04.2016 to 31.03.2017
- As on the date of sanction of loan no other house is owned by you
CAclubindia
