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