Can I take rebate on the interest paid and principle amount paid

Dear Sir,
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.

Thanks
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.
Shyam Sunder Modani
CA, Hyderabad
1343 Answers
5.0 on 5.0
  Talk to Shyam Sunder Modani
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 
u/s 80C.
Vijay N. Kale
CA, Hyderabad
248 Answers
4.9 on 5.0
  Talk to Vijay N. Kale

Ask a Question

Get tax advice from top-rated chartered accountants. It's quick, easy, and anonymous!
Ask a question

Other Questions

Chartered Accountants

Abhishek Dugar
CA, Mumbai
1370 Answers
5.0 on 5.0
Rohit R Sharma
CA, Mumbai
1272 Answers
5.0 on 5.0
Shyam Sunder Modani
CA, Hyderabad
1343 Answers
5.0 on 5.0
Keerthiga Padmanabhan
CA, Greater Mumbai
188 Answers
5.0 on 5.0
B Vijaya Kumar
CA, Hyderabad
580 Answers
5.0 on 5.0
Vishrut Rajesh Shah
CA, Ahmedabad
559 Answers
5.0 on 5.0
Pradeep Bhat
CA, Bengaluru
297 Answers
5.0 on 5.0
Vidya Jain
CA, Kolkata
213 Answers
4.2 on 5.0
Lalit Bansal
CA, New Delhi
196 Answers
5.0 on 5.0
Vishakha Agarwal
CA, Bangalore
381 Answers
5.0 on 5.0