I have taken home loan and EMI started from Jan.2008.I paid 3 EMI till March 2008. Company CA says Tax exemption will start after getting possession of under construction flat which I am going get in Dec.2008. Am I eligible for tax exemption on all EMIs (principle and interest) for entire financial year 2008-2009 and plus privious 3 EMIs of year 2008. Or Tax exemption only start from month Dec.2008, When i am going to get possession and not privious EMIs? Pls. reply.
