Dear Sir,
I have availed House Building Advance (HBA) from My office (Central Water Commission, Ministry of Water Resources) in the year 2002, from 2003 to 2007 i am taking benefit of accrued interest under Income from House Property while calculating Income Tax yearly, this year my office is not letting me to avail accrued interest on HBA since i am availed for 5 years, this year repayment of principle will be completed, from next year onwards actual interest repayment will be started.
I want clarification regarding availing the benefits of accrued interest on HBA under Income Tax for this year and future years , at the earliest possible, as submission of IT returns to office will end on or before 10-2-09.
please clarify me at the earliest possible to my email vijjiadusumilli @ yahoo.com
thanking you,
yours truly
Vijay Kumar Adusumilli, Hyderabad