TREATMENT OF PRE-EMI INTEREST
This query is : Resolved
26 April 2011
Dear Sir
If a house is sold before the complete writting off of 5 instalments of Pre-EMI interest then what will be the income tax treatment of balance Pre-emi interst which is left
Dear Sir
If a house is sold before the complete writting off of 5 instalments of Pre-EMI interest then what will be the income tax treatment of balance Pre-emi interst which is left
27 April 2011
Balance 100% is allowed as deduction u/s 24 in the year of Sale.
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