Hi,
I bought a under construction home in 2010. My loan started in May 2010. From May 2010 to January 2011, I paid the interest only and then from February 2011 I started paying my EMI as well. Now in september 2012, I have got the pocession of the property.
My question is regarding the deduction from the Income Tax-
1) I have not claimed any deduction with respect to the interest paid in financial year 2010-11 and 2011-2012 as possession of property is required to claim the same. How can I claim the same now?
2) What all documents are required to be submitted in order to claim the inteest of the previous year and for the current year.
3) what documents do I require to claim the principal amount of the home loan u/s80C for current financial year.
Regards
Tarun