Principal on home loan pre-completion

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

asked Apr 03 '16 at 23:02 by mayukhpal 11

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Asked: Apr 03 '16 at 23:02

Seen: 1,021 times

Last updated: Apr 03 '16 at 23:02