Which amount is taken for interest and principle for it purp

This query is : Resolved

rajesh (Querist)
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09 August 2013 Dear Sir

My Housing Loan EMI is 8000 i.e. Per Year is 96,000

out of which Interest is 38000 and Principal is 58000

Total Interest Debited for whole Year is Rs. 38,000 and

I was paid only 6 Installments i.e. 8000X6=48,000

at this position I want to Claim Sec 24(b) is Rs. 38,000

and U/s 80C-Principle is Rs. 58,000 is this correct?

Please tell
Thanks in Advance

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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09 August 2013 You should obtain a certificate from the bank regarding the repayment. The bank will give details of all the installments along with interest & principal breakup.

You can claim deduction accordingly.