Hi,
I wanted to get some clarification on the treatment of principal payment on home loan before construction is completed.
My home loan repayment deducts both principal and interest for a loan disbursed in FY 2014-15 and the possession is expected in FY 2016-17.
I wanted to understand if the principal payment can be claimed as deduction for FY 2015-16 under 80C even though the house was not completed during the said period.
Many thanks in advance.
Warm Regards, Mayukh