POSTED BY December 12, 2013 8:35 am COMMENTS (2)ON
I bought an under construction flat from a builder, took a home loan of 220000 in 2011. I kept it for around 1.5 years and paid 2 laks of pre EMI as interest. I sold it and the time I sold it was still under construction. I know the income tax benefit can be availed on the interest paid in equal amount for 5 years, but only if the possession is provided by the builder.
Need help on how to avail the tax benefit in this situation.