Happy New Year ,
I have one small query that interest on housing loan paid to parents is tax deductible under Income Tax Act but not the principal payment.
My present company is not allolwing me this deduction (on interest) as per their internal policy.But my stand is that when something is legally deductible under any law how can they deny the same making as their internal policy.
I would request please assist me what should I do in this regard how how to take discussion forward with them.
Please give me specific provision for going with strong base.
Regards
Kapil Gandhi