Benefit of EMIs in current year

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  1. Alok Jauhari

    Alok Jauhari New Member

    Sirs
    I have occupied one house and getting the benefit of principle and interest in paid EMIs. I have purchased another house and paying EMI w.e.f. Oct 2016 and will get the possession by March 2016. My quarry is 'Can I get the benefit of principle and interest paid in the Fin. year 2015-16 ?'
     
  2. Karan Batra

    Karan Batra Well-Known Member

    For the 2nd house, you can get tax benefit for the full financial year 2015-16
     
  3. Alok Jauhari

    Alok Jauhari New Member

    Thanks Mr. Karan & Chartered club
     
  4. prasaddv

    prasaddv New Member

    Yes, Karan gave good suggetion. You can save your tax on the second house for the full financial year
     
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