Can I take rebate on the interest paid and principle amount paid
My row house construction became complete in JAN 2015 and builder has given completion certificate. I have not done registry of the property yet and I don't have possession letter. Can I take rebate on the interest paid and principle amount paid this year. Please advice.
Asked 2 years ago in Income Tax from Indore, Madhya Pradesh
In our view you cannot take rebate of the same as you have not got possession letter.
You have received completion certificate without possession which is strange. Kindly obtain possession documents
giving possession before 31-03-2015 and the you can claim deduction of interest u/s 24 and deduction of principal