U/s 80c
This query is : Resolved
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
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
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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