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Which amount is taken for interest and principle for it purp
Dear Sir
My Housing Loan EMI is 8000 i.e. Per Year is 96,000
out of which Interest is 38000 and Principal is 58000
Total Interest Debited for whole Year is Rs. 38,000 and
I was paid only 6 Installments i.e. 8000X6=48,000
at this position I want to Claim Sec 24(b) is Rs. 38,000
and U/s 80C-Principle is Rs. 58,000 is this correct?
Please tell
Thanks in Advance
Replies (1)
Principal amt upto Rs. 100,000/- u/s 80C
Interest amt upto Rs. 150,000/0 u/s 24(b)
Yes, you can claim.
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