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
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
