How to claim home loan benefit on under construction property, Interest on home loan | Ultimateonlinemortgage.com



This video is about home loan benefit on under construction/pre-constructed property. How to claim tax deduction on interest portion u/s 24 and principle portion u/s 80c.
Always bear in mind that tax benefits are not available on under-construction property. These can be claimed only after construction is completed or possession handed over to you.
Pre-construction Period Interest is divided into 5 equal instalments and deduction can be claimed in five subsequent years and same formula applies for the principle portion.
For better understanding pls. watch the video.
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