Is Pre EMI for housing loan will be treated as deduction from salary.?

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Is Pre EMI for housing loan will be treated as deduction from salary.?

2007-03-28 17:49:50 · 1 answers · asked by Rajiv K 1 in Business & Finance ➔ Taxes ➔ India

1 answers

No.
U cannot claim deductiom for EMI in any case, however interest element in EMI can be claimed as deduction under head "Income from House Property" & loss (if any ) arising from head Income from House Property can be sett off against your salary income

2007-03-28 21:03:49 · answer #1 · answered by Sunnykvb 1 · 0⤊ 0⤋