Rebate in home loans under construction properties

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  1. Vishnu jha

    Vishnu jha New Member

    Would like to understand how much rebate is applicable under principal and interest components when a salaried tax payer applies for home loan and the residential property is under construction stage in a builder purchase case.
     
  2. Chandrashekar M

    Chandrashekar M Active Member

    In construction stage you can claim only 1/5 of interest as pre-emi intrest for 5 years. Principal can be claimed only after the posession

    Chandrashekar
    http://incometaxdoubts.wordpress.com
     
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