08 May 2009
In form 16,how is repayment of housing loan to be disclosed in deductions from GTI?. Should interest part of the loan also be taken as a deduction under chapter VI A?
08 May 2009
NO INTEREST PART OF HOUSING LOAN SHOULD BE SHOWN UNDER HEAD ANY OTHER INCOME REPORTED BY EMPOLYEE & DEDUCTION OF HOUSING LOAN INTEREST IS AVAILABLE ONLY UNDER SECTION 24 . AS REGARDS PRINCIPAL AMOUNT, IT IS ALLOWED U/S 24 ONLY THANKS
CAclubindia
