IT EXEPMTION

#1
Details of open plot Loan premium and Interest paid.
Loan Sanctioned amount: 14,00,000=00(14 Lac)
Year Interest Principal Opening Balance Closing Balance
2012-13 7576=00 8424=00 1400000=00 1391576=00
2013-14 136742=00 55158=00 1391576=00 1336418=00
2014-15 133301=00 58699=00 1336418=00 1277719=00
2015-16 121298=00 71899=00 1205820=00
Construction Permission: April 2015
Housing Loan taken 12Lac sanctioned in the year 2015 April 25th.
Construction completed: May 2016.
What are the income tax benefits from this year onward?.
Is interest paid in previous years on open plot is eligible for IT relaxation?.
 

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