hello,

I have some queries about income tax on home loan.
In Feb 2007 i had booked a flat, in March 2007 registration and agreement was done

(resigration cost 1 lakh approx). Construction was completed in Oct 2008 (final

disbustment done + got the possession). Till i got the possession, i was living in a rented house, so till Oct 2008 i have paid rent also.

following are the financial activites done during this period:
- registration (1 lakh) in March 2007
- home loan pre-emi : paid from March 2007 to Oct 2008
- Full home loan emi started from Nov 2008
- rent paid for previous home till Oct 2008

following are my doubts
(1) in financial year 2008-09, can i tax benefit for both home loan + rent paid?
(2) home loan interest upto 1,50,000 is tax exempted, but now i have paid interest on full emi + pre emi. As per my knowledge pre-emi tax benefit gets over next 5 years. But this preemi benefit is included within 1,50,000 limiit or pre-emi tax benefit is additional from interest limit of 1,50,000?
(3) can i get tax benefit on property insurance?
(4) i have spent rs 1,00,000 for registration of property (in 2007), can i get its tax benefit in year 2008-09?

thanks in advance.....



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