Hi All,
I have taken home loan in Dec, 2013 for home construction at my home town. The EMI payment will in June, 2014. The construction is going to be completed by June, 2014 end and then after I will be issued with ’Completion certificate’
I have paid some amount of Pre-EMI interest in last financial year, which I showed for TAX benefit calculation. Later, I came to know that it is not allowed as I don’t have Completion certificate. This all happened because of my lack detail knowledge.
As I got some TAX benefit, which I should not be, can I apply for TAX benefit revert during ITR filing.
Or, is there any other way?
Kindly give suggestions!!
Regards,
Sonal