- Tuesday, August 30, 2011, 7:14
- Income Tax
- 34,797 views
First Equated monthly instalment (EMI) amount is to be divided into the principal and interest components. The repayment of principal amount of the loan can be claimed as a deduction under section 80C up to a maximum amount of Rs.1 lakh. The repayment of the interest portion of the EMI is also allowed as a deduction under section 24 under the head “income from house property” upto Rs.1,50,000/- for self occupied property and full amount in case of let-out property.
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- Saturday, April 11, 2009, 1:51
- RBI
- 45 views
RBI/2008-09/ 428 DBOD No. BP. BC. 121 /21.04.132/ 2008-09 Dated: April 9, 2009 The Chairman and Managing Directors/ Chief Executive Officers of All Scheduled Commercial Banks (excluding RRBs & LABs) Dear Sir, Prudential Guidelines on Restructuring of Advance by Banks 1. Please refer to our circular RBI/2008-09/ 143 DBOD No.BP.BC.No. 37/21.04. 132/ 2008-09 dated August 27, [...]
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