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How to calculate tax rebate?- Property Hotline
Posted
July 29, 2016
Views
37
July 29, 2016
37
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1:25Now PlayingExpert: Kartik Jhaveri, Founder & Director of Transcend Consulting India Pvt Ltd.
Question: I took a home loan to buy an under-construction home. The loan disbursement was done in six instalments at an interval of six months for six. From when should I calculate the five year timeline for the tax rebate?
Answer: You can claim the pre-construction interest once you get the possession of your home. Till then you can't claim any tax rebates.
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