Hi
During F. Y 2017-18 Housing loan EMI not paid. Entire installments paid on F.Y 2018-19.
my question is
1. interest accrued on house loan during F. Y 2017-18 can i claim u/s 24(b) on due basis or not
2. what about principal on house loan. i. e. claim deduction under 80C on accrual /due basis or not
If not which F. Y can claim
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can claim interest & principal on house loan on accrual basis
Replies (4)
On payment basis you can claim interest deduction
So F. Y 2017-18 Housing loan principal & Interest can claim on F. Y 2018-19 only
under section 24(b) interest on housing loan you can under on accrual basis not on payment basis
What about principal
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