Simultaneous use of section 24 and section 80gg-reg.
This query is : Resolved
29 June 2016
A person has purchased a house which is under construction and took loan for this house. Presently, he is staying in a rented house. Can he take both loss under house property u/s 24 and deduction u/s 80GG at the same time?
29 June 2016
24 section not applicable on the under construction house, and you can claim 80GG if you recd the HRA from any where.
My answer is usefull for you, pls send like.
My answer is usefull for you, pls send like.
Message likes :
1 times
29 June 2016
It is under construction but it is registered in the name of the assessee, still not applicable for claiming section 24?
29 June 2016
its for house its mean you can use for residential purpose, during the construction its not possible, and also letter of completion, possession letter will be required .for prove property construction is complete.
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
- GST Regis.
- 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
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Confusion around Form 26QB fields
- Sale of property furniture sale
- Filing of Form 10BB instead of Filing Form 10B
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Applicability of Ind As to associate of associate
- 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 ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
Trending Online Classes
CAclubindia
