Hi,
I had purchased undercontruction flat in Sep 2013 and paid 95% of the payment. Construction was completed in Nov 2015 and i have taken the possession of flat on 14 March 2016 (possession letter has been received from the builder) after payment of 100% cost of property to builder. Also i have paid the stamp Duty on 01 March 2016. The registration of the flat cannot be executed as i am stationed in Mumbai and cannot come to Noida to get the registration done before 31 March 16.
Please let me know whether possession certificate would be sufficient or i would be required to get the registration executed for claiming Loss from house property (deemed let out) for the financial year 2015-16. To further elaborate whether would i be able to claim the whole interest for FY 2015-16 and 1/5 of interest for FY 2013-14 & 2014-15 as Loss from house property in FY 2015-16.
