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Loss on house property u/s 24

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Querist : Anonymous

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Querist : Anonymous (Querist)
20 December 2013
IS PRE EMI BEFORE CONSTRUTION IS ALLOWED AS DEDUCTION UNDER SEC.80C OR SEC 24 - LOSS OF PROPERTY FOR INTEREST REPAYMENT ON HOUSING LOAN TAKEN.

EVEN PRINCIPAL PAYMENT BEFORE COMPLETION OF HOUSE IS NOT ALLOWED AS DEDUCTION UNDER 80C
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
20 December 2013 EMI is not allowed but the int portion is allowed u/s 24 once it is in your name.
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