• 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
1408 Answers
95 Consultations

5.0 on 5.0

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
12 Consultations

4.9 on 5.0

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