Section 24 of itr
This query is : Resolved
19 August 2011
Intrest on housing loan comes uder sec 24 and max limit is 1.5 L.
But if the possession of property is not with us then what will be the tratment ???
Suppose we had puchase a house on loan and house is under construction and builder will give the possessiion after two year and my EMI starts.
In that case what will be tratment of Intrest ??
But if the possession of property is not with us then what will be the tratment ???
Suppose we had puchase a house on loan and house is under construction and builder will give the possessiion after two year and my EMI starts.
In that case what will be tratment of Intrest ??
19 August 2011
1.5 is for self occupied propoerty.
If the property is let out then there is no limit for the same.
If the property is let out then there is no limit for the same.
Message likes :
1 times
19 August 2011
If property is not in the possession (here literary meaning only is considered for want of full details)) of the assessee, there is no income under the head 'income from house property' meaning there by assessee can't take the advantage of expenses in relation thereto including section 24 benefit.
Message likes :
1 times
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
- Tax on capital gains revoked us 54f
- Should I include march foreign salary received in April in my income for FY 2023-24?
- Inventory of finished goods
- Sale of property furniture sale
- Filing of Form 10BB instead of Filing Form 10B
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Confusion around Form 26QB fields
- Applicability of Ind As to associate of associate
- Refund of AY 22-23
- Disallowance of Section 43B(h) to sez units
- Last year input claim shown in gstr9
- GST Registration Cancellation books of accounts asked by officer
- TDS Deduction Online Learing Platform
- Point (III) 9 of GSTR-9C
- As per our records, find the below outstanding demand(s)* and interest payable u/s 220(2):
- Regarding transaction th. credit card
- HSN Details in IFF/GSTR-1 & in GSTR 9
- MIS MATCH OF INVOICE NUMBER
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
