Tax rebate on home loan interest if construction period is more than 5 years
Have a query about home loan interest in case the construction period is beyond 5 years? Searching for detailed information about the rules for tax rebate? Find advice from our ISC experts here regarding how to handle such a situation.
So what about the tax rebate on interest paid against home loan?
As far as I know the tax rebate can be asked only if construction is over and construction should be over within 5 years of starting the home loan.
Also how much tax rebate can be asked as construction period has crossed more than 5 years?
If the builder has defaulted then my husband should not suffer as it is not his fault. What can be done?