26 February 2010
Dear Sir, Maximum Interest Deduction on Housing Loan is Rs. 150000. What abt Pre-EMI Interest whether we can Claim seperately over and above 150000 or it is with in limit of 150000. If it is over and above 150000 then how to incorporate in to Form 16 (Salary certificate) as it will be over above 150000 Example if Interest is 167000/- and Pre-EMI is 99000/-( Divisible in 5 year) Then Max Deduction will be 150000+19800 or 150000/- ? Please suggest at earliest
CAclubindia
