Housing loan interest certificate

When it comes to understanding the components of a housing loan, it is common for individuals to confuse EMI with the interest on the loan. It is important to note that the EMI comprises the interest and the principal amount. This distinction becomes particularly important when filing income tax returns, as taxpayers are often unsure of which amount should be added under which head. To give you a clear understanding of this, we'd consider a sample home loan interest certificate. By examining this document, individuals can better understand how to correctly categorize and report their housing loan expenses for tax purposes and deductions too.

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