What is the Pre-EMI interest benefit on second home loan ?

POSTED BY sanat kumar bala ON July 23, 2014 6:59 pm ONE COMMENT

I understand that for under construction property the interest paid out before occupancy can be accumulated and spread over 5 years of so.. Can you please explain in my context assuming my loan starts from June 2012 and possession in June 2014

One reply on this article “What is the Pre-EMI interest benefit on second home loan ?”

  1. Credexpert says:
    July 24, 2014 at 11:07 am

    Dear Sir,

    Any interest you pay from the time your loan is disbursed in 2012 till you get possession of the property, can be claimed as a deduction under Income Tax. This can be claimed over a period of 5 years from the date of possession.

    Regards,
    Credexpert

    Reply

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