Interest u/s 24
This query is : Resolved
14 December 2014
whether Pre-EMI interest is eligible for deduction under income tax or not ?
15 December 2014
Yes, It is eligible for deduction.All pre EMI interest can be claimed in 5 equal sum over a period of 5 years, starting from the year in which the possession is availed.
15 December 2014
yes it is allowed so........................
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