tax benifit on pre EMI

Share
Share This Thread
  1. Naragani Rambabu

    Naragani Rambabu New Member

    respected sir.
    Can I claim entire Pre EMI amount ie Rupees 4630/-which is Imposed for the period 31.12.15 to 4.1.2016 and paid in jan-16(as single installment) for this A Y 2016-17 only?

    I asked this Question due to--- we purchased a second hand plat paid advance and occupied in the month december 2015,
    plat purchased with a bank home loan, they given EMI date is 4 th of every month,so,--gap period ie 31.12.2015-to 4.1.2016 they recieved as pre EMI amount Rupees 4630/-
    My DDO expressed doubt that this preEMI amount should claim in next five assesment years equally!?but not in this AY 16-17 only.

    What is the correct ?1. shows entire amount in this A.Y 2016-17 only or
    2. shows in five equal amounts in next five years?
     
  2. gaurav_kumar

    gaurav_kumar Well-Known Member

    You can claim the entire amount in AY 2016-17
     
  3. Naragani Rambabu

    Naragani Rambabu New Member

    Than Q sir.
     
  4. Naragani Rambabu

    Naragani Rambabu New Member

    Thank you Mr Gaurav_kumar sir,But my DDO not agreed with your answer,He asked that" What is the Act number to support your answer"and he returned my application,

    so ----then I paid full tax on that Rupees 4630/-because I felt tired on this fight!?

    Than Q you everyone, TanQ all.
     
Draft saved Draft deleted
Loading...
Similar Threads Forum Date
Incometax on LIC maturity benifit. Income Tax Mar 25, 2017
80ee benifit on top up loan Income Tax Dec 25, 2016
Maximum possible tax benifits for 30% slab Income Tax Nov 9, 2016
Reg. return of tax benifit due to sale of property. Income Tax Oct 19, 2016
Tax benifit on housong loan interest Income Tax Jul 17, 2016