Housing Loan Interest and Pre-EMI Interest
This query is : Resolved
26 February 2010
Dear Sir,
Maximum Interest Deduction on Housing Loan is Rs. 150000.
What abt Pre-EMI Interest whether we can Claim seperately over and above 150000 or it is with in limit of 150000.
If it is over and above 150000 then how to incorporate in to Form 16 (Salary certificate) as it will be over above 150000
Example if Interest is 167000/-
and Pre-EMI is 99000/-( Divisible in 5 year)
Then Max Deduction will be 150000+19800 or 150000/- ?
Please suggest at earliest
Maximum Interest Deduction on Housing Loan is Rs. 150000.
What abt Pre-EMI Interest whether we can Claim seperately over and above 150000 or it is with in limit of 150000.
If it is over and above 150000 then how to incorporate in to Form 16 (Salary certificate) as it will be over above 150000
Example if Interest is 167000/-
and Pre-EMI is 99000/-( Divisible in 5 year)
Then Max Deduction will be 150000+19800 or 150000/- ?
Please suggest at earliest
CA Gangadhar Mishra
(Expert)
26 February 2010
maximum you can claim Rs.150000/- only, including pre-emi int. for self occupied house, but for let out house there is no limit.
CMA Ramesh Krishnan
(Expert)
26 February 2010
Agreed
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Utilisation Fy 25-26 TDS challans in Fy 26-27 TDS Return
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Capital Gail Exemption Certificate
- Issuing of delivery challan by seller of goods
- SECTION 393(3) TAX ON CASH WITHDRAWAL
- Taxation of crypto futures in India Fy 2026- 2027
- Oct 2025 Invoices
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
