Dear Experts
here is case goes this way once upon a time an assessee takes housing loan but he fails to pay out his interest for the years on one fine morning he get an notification from the insurance company that the loan is matured therefore he pays out those unpaid interest and he asks for claim for the total interes amount paid in the current year including the unpaid interest under section 80c but his auditor says that he could claim only the interes belonging to the current year alone n not for the failed interes belonging to the other previous years.does an assessee's contention is correct?
I'm very thank ful for those who ans my query.i also request ur goodselves to reply me at the early.
CAclubindia
