Deduction u/s 80ee

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

asked Mar 22 '14 at 22:14 by casantoshjha 112


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.

answered Mar 25 '14 at 16:15 by sakiv1089 18682339

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Adding to above answer, section 80ee won't be applicable here as possession is not taken.
(Mar 27 '14 at 20:20) Pankaj Batra

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Asked: Mar 22 '14 at 22:14

Seen: 2,533 times

Last updated: Mar 27 '14 at 20:20