Poonawalla fincorp
Poonawalla fincorp

Deduction under house property income

This query is : Resolved 
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(Querist)
10 October 2012 can anyone guide me whether VAT & Service tax paid on purchase of a house (construction is ongoing) is eligible to deduct from the house property income ? Assessee is a salaried employee & getting HRA benefit too.
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Soumitra Basu

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Soumitra Basu (Expert)
12 October 2012 No. It is not an allowable expenses. This amount will enhance the value of the property.

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