I took a housing loan against for a flat and took its possession in September 2020 under the subvention plan and started paying the interest component only (Pre-EMI) till February, 2021 and started the EMI thereafter. Can I get the benefit for ITR filing with respect to the interest paid as PRE-EMI for my housing loan after getting possession?
Menu
Rebate with respect to Pre-EMI for housing loan
Replies (1)
Yes. Pre EMI should be taken as deduction in equal terms by dividing the entire Pre EMI interest by 5, for next 5 years.
Recent Topics :
- Self assessment tax paid not reflected in ITR2 fil
- Tax on nps corpus
- Tired converting GSTR-1, 2B & 3B to Clean Exce
- TDS on under construction property not deducted
- GST on Fixed Assets
- GST ITC april 22
- GST PAYMENT REGARDING
- GST Consultation Required – June–Augus
- TDS Code for Salary Payment to Non-Resident Intern
- TDS on property
Related Topics :
CAclubindia
