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(Querist)
14 December 2014 whether Pre-EMI interest is eligible for deduction under income tax or not ?
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Amol S Joglekar

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Amol S Joglekar (Expert)
15 December 2014 Yes, It is eligible for deduction.All pre EMI interest can be claimed in 5 equal sum over a period of 5 years, starting from the year in which the possession is availed.
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
15 December 2014 yes it is allowed so........................




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