Employer asking for possession certificate for housing loan principal and interest when declaring tax declaration

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1

Sir,

employer asking for possession certificate for housing loan principal and interest when declaring tax declaration. Is that correct process?

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2

Hi

Yes, until the possession certificate is issued by the builder, you can not claim the interest benefit.

Thanks and Regards

Natarajan S

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3

@Anisha

Yes, until you have a Possession certificate you cannot claim any exemption related to a Housing loan. However, EMI paid before the Possession it can be claimed as Pre-EMI proportionally in the next 5 years.

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