I am working in an IT company and purchased a Flat in July 2014. At the time I supposed that the Flat will be ready by Dec-Jan 2015. But there was some delay. Flat is now ready in March but the Builder have not given the possession. However allowed us to live in the flat.
I took loan to purchase the Flat and Paid around 1 Lac as loan from August 2014 to March 2015. I have taken income tax rebate on House Rent Allowance.
Please let me know if I can take Income tax rebate on Interest paid for home loan also. I am still living on rent and planning to live in new Flat in April.