hi all,
in our company one of employee has taken housing loan and they have started deducting INterest from NOV, whether he can calim preconstruction EMI in this asst.year
Please help me,
regards
hari
Menu
Preconstruction of EMI
Replies (1)
Interest of Pre-Construction period is not allowable u/s.24b. It will be allowed in five equal annual installment commencing from the year in which flat is acquired or constructed. However, repayment of Hsg loan is eligible for deduction u/s.80C.
Recent Topics :
- “Income Tax Implications of Company-Related
- Advice needed: Hypothetical case of non-filing of
- Demand Raised for Cess Amount Despite Section 89 R
- WRONG BILL NO FILED IN GST R1
- Addtional trade name for my another firm
- Commission / Agency Business without books: REAL E
- Difference between AIS and 26AS data.
- Applicability of FCRA to Article Processing Fees (
- GST Return
- Practical queries on buy back of shares
Related Topics :
CAclubindia
