Which amount is taken for interest and principle for it purp
This query is : Resolved
09 August 2013
Dear Sir
My Housing Loan EMI is 8000 i.e. Per Year is 96,000
out of which Interest is 38000 and Principal is 58000
Total Interest Debited for whole Year is Rs. 38,000 and
I was paid only 6 Installments i.e. 8000X6=48,000
at this position I want to Claim Sec 24(b) is Rs. 38,000
and U/s 80C-Principle is Rs. 58,000 is this correct?
Please tell
Thanks in Advance
My Housing Loan EMI is 8000 i.e. Per Year is 96,000
out of which Interest is 38000 and Principal is 58000
Total Interest Debited for whole Year is Rs. 38,000 and
I was paid only 6 Installments i.e. 8000X6=48,000
at this position I want to Claim Sec 24(b) is Rs. 38,000
and U/s 80C-Principle is Rs. 58,000 is this correct?
Please tell
Thanks in Advance
09 August 2013
You should obtain a certificate from the bank regarding the repayment. The bank will give details of all the installments along with interest & principal breakup.
You can claim deduction accordingly.
You can claim deduction accordingly.
CA UMESH DULAL
(Expert)
09 August 2013
Interest -38000
and
principal - 10000
and
principal - 10000
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