Pre-emi interest

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Hi All,

please let me know that pre-EMI Interent is exempt or not in housing loan?

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Originally posted by : Amod Ranjan
Hi All,
please let me know that pre-EMI Interent is exempt or not in housing loan?

Pre EMI Interest = Pre Construction Period Interest
.
1/5th deduction for 5 consecutive years starting from the previous year in which property is acquired or constructed.

 

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