Pre emi interest - housing loan
This query is : Resolved
G.GOVINDARAJAN
(Querist)
26 June 2012
THE PRE EMI INTEREST (HOUSING LOAN) PAID IN THIS YEAR WILL BE DEDUCTED FROM SALARY INCOME AFTER THE COMPLETION OF CONSTRUCTION. IN THE RETURN FORM IS THERE ANY PLACE TO SPECIFY THE PRE EMI INTEREST PAID?
26 June 2012
It will be shown in the return in the year in which deduction of the same is claimed, i.e., the year in which construction is completed.
Further, deduction is allowed in 5 equal annual instalments.
Further, deduction is allowed in 5 equal annual instalments.
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