Pre Emi Interest

You can take deduction of only yearly interest paid on emi.

Pankaj,

See pre emi can be claimed in 5 yrs right??

suppose that 5 years period i from 01.04.2006 to 01.04.2011

now if the property is sold on 01.04.2009

then can we still claim deduction of the pre emi interest for remaining two years??

plz help

Please let me know that when did u paid remaining loan amount to bank.

No, you can,t claim pre emi interest deduction for remaining two years, because deduction can be claimed when it is paid, but in this case you don' t have the house property for the remaining period.