banner_ad

Pre-emi claim in self occupied property loan

520 views 2 replies

Hi,

I have a self occupied apartment loan and have paid pre-handover emi for the same. My Post Handover loan interest on this property for the last financial year has already exceeded the maximum claimable limit of Rs. 1,50,000. Is it possible or is there any additional provisions to claim pre-emi based income tax deduction for the current/future assessment years in this particular case ?

Thanks in Advance for your help.

Thanks and Regards,

Jegan 

Replies (2)
out of limit of 150000 first of all, 1/5th of pre-construction intt is claimed and then post- construction intt is claimed from remaining amt.

First claim pre emi interest of 1/5th of the total Pre emi interest paid.

Secondly, while considering the current year interest, claim deduction for the amount available out of Rs.150,000 u/s 24 (after adjusting pre emi as above).

If there is current year still unadjusted, you can claim deduction u/s 80EE IF THE CONDITIONS ARE FULFILLED.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details