09 April 2015
With Respect to Investment Declaration plan for FY 15-16 Can we take into account PRE -EMI Interst for calculation of TDSon salary if Construction of House Property is compeleted in FY 14-15 can we take as deduction ?????
10 April 2015
Yes, you can take deduction of 1/5th of the Pre-EMI interest accumulated till FY 2013-14. . For FY 2014-15: You can consider deduction of the whole amount of interest pertaining to FY 2014-15.
CAclubindia
