interest on housing loan
This query is : Resolved
CA Abhishek Singh
(Querist)
22 February 2009
if a housing loan is taken on 02/02/2006 on property which is under construction which will be completed on 07/07/2009.
suppose interest paid from 02/02/2006 to 31/03/2009 comes to Rs. 275000/- and frm 01/04/2009 to 31/03/2010 Rs. 165000.
how deduction will be allowed?
suppose interest paid from 02/02/2006 to 31/03/2009 comes to Rs. 275000/- and frm 01/04/2009 to 31/03/2010 Rs. 165000.
how deduction will be allowed?
C A GROUP COACHING
(Expert)
27 February 2009
ACCUMULATED AMT OF RS 275000/- WILL BE CLAIMED IN 5 E M I STARTING AY 2010 - 11
& RS 165000 WILL BE CLAIMED IN FULL IN AY 2010 - 11
& RS 165000 WILL BE CLAIMED IN FULL IN AY 2010 - 11
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