Hi,
Query regarding the interest element on housing loan,
Pre Emi interest has been paid for 7 months and my property is rented can i claim pre Emi interest as my deduction u/s 24 in the current year.
Thanks in advance
Sumit More (Article) (23 Points)
04 February 2017Hi,
Query regarding the interest element on housing loan,
Pre Emi interest has been paid for 7 months and my property is rented can i claim pre Emi interest as my deduction u/s 24 in the current year.
Thanks in advance
sivaram
(Asst Mgr-Taxation)
(6918 Points)
Replied 04 February 2017
pre emi is allowed as a deduction in 5 instalments