Need A Financial Product Forums Tax Savings Can I claim Pre EMI interest in my ITR

This topic contains 1 reply, has 2 voices, and was last updated by  Supriya Sawant 2 years, 10 months ago.

Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • #47123

    I borrowed home loan from HDFC in 2012. Two months back I have got the possession of my flat and I already paid some amount as Pre EMI interest. The total interest paid by me is more than Rs. 1.5 lakhs in a year. My question is can I claim pre EMI interest in my income tax return over and above the limit of Rs 1.5 lakhs.

    #47124

    Limit of Rs. 1.5 lakhs is inclusive of pre EMI and EMI interest payments during a financial year. This provision is applicable in case the house is self-occupied.

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic.

About Us

Simplypaisa, a web initiative by Elite Wealth Advisors Ltd, has the primary objective to help readers make smart financing decisions. What is smart finance? How to make smart financing decisions to procure assets or to meet one’s personal needs? Information is critical to make smart financing decisions: be it to purchase your dream house, a car, to start a business or to enable an entrepreneur to meet his/her working capital needs.Read More...

GET IN TOUCH WITH US

Elite Wealth Advisors Ltd.
S-8, DDA Shopping Complex,
Near Jeevan Anmol Hospital,
Mayur Vihar Phase-1, Delhi-110091.
Phone No: 011-42445800
Email : connect@simplypaisa.com