Answer

1. F

   Facts

   Interest paid before the year of completion is claimed in five equal parts, starting from the year construction is completed. It is in addition to the current year's interest, but within the overall limit for self-occupied houses. Principal before possession is not deductible.

2. P

   Provisions and law

   • Sec 24(b) (now Sec 22(1)(b))Deduction for interest on a home loan; ₹2,00,000 cap for self-occupied houses under the old regime
3. A

   Analysis

   If pre-construction interest totalled ₹3,00,000 and you got possession in FY 2025-26, you claim ₹60,000 a year for five years from that year under Sec 24(b) (now Sec 22(1)(b)). For a self-occupied house, current interest plus ₹60,000 together cannot exceed ₹2,00,000 under the old regime. For a let out house there is no cap. Keep the bank's statement showing interest by year.

4. C

   Conclusion

   1. 1Get year-wise interest from the bank till possession.
   2. 2Divide pre-construction interest by five.
   3. 3Add one fifth to the current year's interest.
   4. 4Apply the ₹2,00,000 cap if self-occupied.

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