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.
Stay connected for more useful informations