Tax expert explains home-loan benefits for under-construction property
In short
A tax expert explained that home-loan tax benefits for an under-construction property do not start automatically with the first EMI. Different rules apply to principal repayment, pre-construction interest and interest after the home is completed.
This matters because the completion date and your tax regime can change what you can claim. The report does not give a single example or say exactly how much tax benefit is available.
What the reporting says
A tax expert explained when home-loan tax benefits can be claimed for an under-construction property, saying they are not automatically available from the first EMI. The summary says principal repayment, pre-construction interest and post-completion interest follow different rules, and that the completion date and chosen tax regime can affect eligibility. The immediate issue is timing of deductions, while the source does not give a specific case outcome.
Why it matters
The article explains that home-loan deductions for under-construction property depend on what part of the loan is being claimed and when the property is completed. It notes separate treatment for principal repayment, pre-construction interest and post-completion interest, with eligibility also tied to the chosen tax regime. No taxpayer-specific calculation or formal ruling is reported, so the piece is guidance rather than a decision event.