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Topic: I have a home loan in India. Now I m paying pre emi. Can i get tax benifits?  XML
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jainareshswami


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I bought a house which is under construction. Please advice...
Kartik Varma


Location: New Delhi
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Since the property is still under construction, you will not be able to claim tax deduction benefits as it can be claimed only from the financial year in which the construction is completed.

The principal portion of home loan in India is eligible for deduction under section 80c only when the house is capable of being taxed under the head `income from house property'.

The pre-construction interest portion can be claimed after completion of construction in five equal installments,

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