I have been availing the benefit of housing loan repayment and interest repayment for the past many years. For this purpose i have been furnishing the annual certificate issued by my bank[private-foreign] to certify the repayment of principal/interest for the whole year. for this purpose i have been giving the calculation for the period April to March. This practice has been accepted by many AOs earlier, whereas, my present AO is not accepting this and insist that i should follow only the period March to Feb. If i follow this i may be wrong in my claiming housing loan benefits as the amount indicated in the bank certificate may be overlapping in two periods. kindly advice the legal position.- regards, REX.
Seen in a Forum requested by a Govt. employee - any one pl. clarify him
CAclubindia
