Housing Loan Interest and Pre-EMI Interest
This query is : Resolved
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
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
26 February 2010
maximum you can claim Rs.150000/- only, including pre-emi int. for self occupied house, but for let out house there is no limit.
26 February 2010
Agreed
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Manual Rectification through AO
- IT Return filed defective u/s 139 (9)
- Defective Return - Tds on advance
- Fixed Deposit Claim Relinquishment by the Nominee
- TCS ON SOFTWARE SALES
- Not a CA , can we prepare balance sheet
- Income Type for interest from government bonds
- What is meaning of cumulative method of interest
- Interest of FDs is taxable on an accrual basis also
- What is meaning of mismatch of group in accounting
- Gstr 9 2023-24
- GSTR-9 HSN Summary and Credit Note without item
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- GST RCM not shown in GSTR-3B
- Bill from Dispatched from issue.
Trending Online Classes
-
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
Mr.Balamurugan Ranganathan15 November 2024
CAclubindia
