Interest on housing loan
This query is : Resolved
06 December 2013
A HOUSE IS DEMOLISHED AND NEW CONSTRUCTION IS STARTED BY TAKING LOAN OF 15 LACS ,WHETHER DEDUCTION OF 1.5 LACS IS AVAILIABLE?
WHAT IS DIFFERENCE BETWEEN REPAIR/RENOVATION AND DEMOLITION?
COST OF CONSRTUCTION WILL BE AROUND 60 LACS
WHAT IS DIFFERENCE BETWEEN REPAIR/RENOVATION AND DEMOLITION?
COST OF CONSRTUCTION WILL BE AROUND 60 LACS
06 December 2013
Deduction U/s 24 will be available upto 1.50 lac subject to the prescribed conditions of completion etc.
.
Difference can be understood by the following Relationship which is based on
the size of the work to be carried on or amount to be spent-
.
Demolition > Renovation> Repairs
or
1000000> 100000>10000
.
.
Difference can be understood by the following Relationship which is based on
the size of the work to be carried on or amount to be spent-
.
Demolition > Renovation> Repairs
or
1000000> 100000>10000
.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Where to show the RCM on Rent paid to unregistered landlord
- Is Aadhar PAN linking required for opening bank account?
- Applicability
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- Gst Sales of FY 2023-24
- TDS NUMBER SURRENDER
- GSTR-3B - Do I file nil when there is no sale but I've bought raw materials
- Legal heir raised refund , but refund issued to the closed account of deceased.
- Offsetting interest income against derivative trading losses
- Application of 115BAC
- Whether still royalty
- 20% OF DEMAND PAYMENT IN APPEAL
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding Resignation by Auditor from Pvt. Ltd.
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
