Hi, I got my home loan partial disbursement in July,07. I got entire amount disbursed in the same financial year i.e. 2007-08 I have paid total interest Rs. 52005/- out of which Rs.18537 is the pre-emi interest. pls advice if can i claim Rs.18537/- interest in the same financial year or it has to be claimed in 5 years.
I have applied for a Housing loan in the moth of Jun 06 and First part payment was made in the month of July 06 and fully disbursed in the moth of Nov 06 and I have taken position in on 1st March 07.
Am I getting the tax benefits for the full interest paid before full disbursement since I have taken a position in the same financial year?
