Housing Loan Interest

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

10 February 2010 Dear Experts,

I have borrowed Housing Loan since Oct-2006 from Nationalised Bank for purchasing a Flat:-

The Pre EMI Interest was paid as under

FY 2006-07 - Rs 3,000/=
Fy 2007-08 - Rs 30,000/=
Fy 2008-09 - Rs 57,000/= total 90,000/=

Possession got in FY 2009-10 and Interest amount paid during FY 2009-10 is Rs50,000/=

During the FY 209-10, I am claiming Rs 50,000/= pluse Rs 18,000/= (Rs 90,000/ 5 Yrs ) for the past period, Total Rs 68,000/= as Interest on Housing Loan deduction u/s 24.

Kindly guide me whether my calculations are correct !

Thanks & Regards