Housing Loan Interest
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
10 February 2010
Dear Experts,
I have borrowed Housing Loan since Oct-2006 from Nationalised Bank for purchasing a Flat:-
The Pre EMI Interest was paid as under
FY 2006-07 - Rs 3,000/=
Fy 2007-08 - Rs 30,000/=
Fy 2008-09 - Rs 57,000/= total 90,000/=
Possession got in FY 2009-10 and Interest amount paid during FY 2009-10 is Rs50,000/=
During the FY 209-10, I am claiming Rs 50,000/= pluse Rs 18,000/= (Rs 90,000/ 5 Yrs ) for the past period, Total Rs 68,000/= as Interest on Housing Loan deduction u/s 24.
Kindly guide me whether my calculations are correct !
Thanks & Regards
I have borrowed Housing Loan since Oct-2006 from Nationalised Bank for purchasing a Flat:-
The Pre EMI Interest was paid as under
FY 2006-07 - Rs 3,000/=
Fy 2007-08 - Rs 30,000/=
Fy 2008-09 - Rs 57,000/= total 90,000/=
Possession got in FY 2009-10 and Interest amount paid during FY 2009-10 is Rs50,000/=
During the FY 209-10, I am claiming Rs 50,000/= pluse Rs 18,000/= (Rs 90,000/ 5 Yrs ) for the past period, Total Rs 68,000/= as Interest on Housing Loan deduction u/s 24.
Kindly guide me whether my calculations are correct !
Thanks & Regards
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