Tax benefit on home loan

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  1. swatim

    swatim New Member

    I have taken housing loan of Rs. 2575000 in FY 2014-15. and flat is under construction. Cost of flat is around 38lakhs. EMI has not started yet but interest is being paid by builder till moratorium period which is up to June 16. Can I claim any type of tax benefit for home loan?
     
  2. neh@@

    [email protected]@ New Member

    as PER SEC 24, you cannot claim deduction of interest until the construction of flat is complete.
    as per 80 c no deduction is allowed as principal amt is yet to be paid.
     
  3. sai tejesh(ca.final)

    sai tejesh(ca.final) Active Member

    you won't get any tax benefit.
     
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