Hello, I have booked a flat under construction and will take possession in aug'15. I have taken loan in 2013 for Rs.21 lacs for this property. My question is can i claim interest u/s 80ee before possession of flat in FY13-14
Thanks,
Santosh
1 Answers
No, You cannot take exemption on interest before taking possession, but you can claim this interest (what you are paying before taking possession) in 5 equal installments after taking possession.
Adding to above answer, section 80ee won't be applicable here as possession is not taken.
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