Hi Mahesh, I will be taking possession on August'08. Till then I will Rs.30000 towards house rent and total interest for year 2008-2009 will be more than 150000. Also I have paid pre EMI interest of Rs. 149000 last financial year. Please let me know how will be the tax calculation and how much I can claim in this year and how can I get benifit of pre EMI which I have paid last year?