Hi Aneesh,
Yes you can take possession letter before the registry is done as you have the possession of the house & made the final payment.(Please request from your builder for Possession letter )
Possession letter or Registry paper (any1)is required for availing the tax benefit on the interest part of home loan.
FAQ:
What are the documents I need to submit in order to avail the tax benefits
for housing loan?
Ans. You can submit attested loan certificate/statement issued by the financial
institution with break-up of both interest and principal repayment for the financial year.
FAQ:
Is it mandatory to submit the possession certificate for claiming exemption for housing loan interest?
Ans. Possession certificate is required only, if the interest on housing loan exemption.
Person who is claiming benefit of Interest on housing loan and principal required
to submit the copy of property paper showing the ownership of the property i.e.
copy of first 3-4 pages of registry or possession letter.
Regards,
Manoj Gupta
Manoj Gupta
Ajnara GenX
On Fri, Feb 3, 2012 at 11:18 AM, Aneesh Bhasin <contact.aneesh@gmail.com> wrote:
Hi all,
Just wanted to confirm - has anyone got the possession letter for their flat after making the final payment to the builder but before the registry was done ? I need this for availing tax benefit on the home-loan interest as my registry is still not done, although we have the possession of the house..
Is there any other document that is permissible for availing the tax benefit on the interest part of home loan (e.g. the demand letter from builder for getting the possession) ?
Thanks and regards,
Aneesh Bhasin
A-1906, Gardenia Square
Crossing Republik
__._,_.___
For latest updates do visit official CROMA website at:
http://www.croma.org.in
Also, do register at the CROMA site, if not done already:
http://www.croma.org.in/member-registration/
http://www.croma.org.in
Also, do register at the CROMA site, if not done already:
http://www.croma.org.in/member-registration/
.
__,_._,___
