 "Reader’s corner: Can you invest over Rs 150,000 in PPF in a financial year?")
During this financial year, I paid only interest on my home loan for nine months as the property was under construction. I got possession in January. That's when the full home loan repayment - principal plus interest - started. Will I be able to claim the entire interest portion under Section 24?
Yes, you can claim deduction on the entire interest payment you have made this year under Section 24, subject to maximum prescribed limits. For the interest that you paid from the date of taking the loan to the end of the financial year immediately preceding the financial year in
