14 April 2015
In case of housing loan repayment if emi is Rs.6563 . Is it correct to show Rs. 78756.(6563*12) under sec 80 and total interest applicable suppose Rs.25000 under sec. 80ccc. Or emi include repayment of loan Principal with interest, only repayment of principal amt will be show under sec 80 and interest portion show under 80 ccc. Please advise.
14 April 2015
The principal and interest should be separated from emi. Principal and interest component should be claimed separately u/s 80C and 24 respectively
CAclubindia
