Can I claim HomeLoan tax benifit for an underconstruction house?



I have purchased a house on Sept’07. And I’m paying EMI for it since Oct’07… But, am yet to take the possession of the house.
Moreover, the property is located in a different city and I’m working in a different city.
Can I claim tax benifit on the interest on the home loan I’m paying?

Can I claim HomeLoan tax benifit for an underconstruction house?
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