HOUSING LOAN INT

rajesh (Accountant) (583 Points)

19 February 2011  

DEAR SIR

AN ASSESSEE REPAID HOUSING LOAN TOTAL REPAID 150000 AND INTEREST DEBITED 85000 IN THIS CASE ASSESSEE CLAIM IN IT RETURN 

 

1.) INTEREST - 85000 - 24(B)

2.) PRINCIPAL - 65000(150000-85000)-VIA

OR

1.) INTEREST - 85000

2.) PRINCIPAL - 150000

IF ASSESEE REPEMNET IS BELOW THE INTEREST DEBITED TO A/C I.E.

INTEREST DEBITED - 50000 BUT ASSESS PAID ONLY 15000 WHOLE OF THE YEAR IN THIS CASE

1.) INTEREST - 50000-24(B)

2.) PRINCIPAL - 15000 - VIA

OR

INTEREST - 50000-24(B)

PRINCIPAL - NIL

PLEASE CLARIFY THE ABOVE TWO CASES

THANKING YOU