Can I claim Deduction for whole year in which Construction is completed?

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  1. jayaraman

    jayaraman New Member

    I am having a home loan for an underconstrution house, for which I was paying an pre emi till November.
    I got possession of that house in December.
    In the month of December after getting possession I paid 100000 towards principal.
    From april to November I was paying only interest as pre emi.
    Can I claim the interest amount as deduction which i was paying as pre emi under sec 24b
    and 100000 principal under sec 80c for this year
  2. Parul_Gupta

    Parul_Gupta Active Member

    Yes, you can claim deduction for the whole year in the which the construction has been completed.
    Ravindra Naidu likes this.
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