Query regarding the Income Tax rebate on Housing loan PEMI
This query is : Resolved
Quick Summary
Dr. S.K. Soni
(Querist)
19 July 2021
I paid 1,50,000 PEMI, in the form of interest against my housing loan during 2020-21 and the possession of the house was given to me in October 2020 after which I started the EMI for the loan. Am I eligible to claim the income tax rebate on the interest paid in the form of PEMI during 2020-21 ?
CA Rashmi Gandhi
(Expert)
20 July 2021
Yes you can claim.
27 November 2021
Yes, only upro 20% of the aggregate PEMI paid.
Again subject to cap of Rs. 2 lakhs.
Again subject to cap of Rs. 2 lakhs.
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