Hi all,

I have a home loan on a flat whose construction just got finished only this month. But I had done the registration of the flat during March 2012. Since my company asked for proofs for IT computation by Jan 2012, I didn’t provide any documents for the housing loan interest claim.

Now, I have few queries on it.

1. Is it legal claim the housing loan interest deduction in IT returns and also HRA (for the current rented house) fully for the financial year 2012-2013 while filing the IT returns though I have not occupied the house in financial year 2012-2013 ?

2. By doing so, can I claim the 20% of pre-EMI I paid during 2011-2012 as well as part of IT returns ?

3. Is the max cap for the interest claim of 1.5 lakhs is the interest paid for the current year + 20% of pre-emi of previous financial years or is it the 1.5 lakhs is just for the current year and there is no cap for the 20% of pre-emi of previous financial years ?

Thanks In Advance,

Jegan.