U/s 80c

This query is : Resolved

Arvind (Querist)
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21 March 2017 Hi Expert
On Home Loan Certificate, there are three items mentions. Principal-37611/-, Interest-216381 and Pre-EMI Component-9365, so this Pre -EMI amt whether applicable to deduction either in loss from HP, or u/s 80c, if not then how to be consider
kindly suggest its urgent
Thanks

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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21 March 2017 In house property. Condition is ,only after the construction of the building is completed tax deduction on the pre-EMIs can be availed. On completion of the construction, the total pre-EMI interest paid is deductible in 5 equal yearly instalments.

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