Tax aspect on Income From House Property
This query is : Resolved
18 February 2011
I have taken loan from My HUF for purchase house property & paying interest to HUF @ market rate. Can I claim deduction u/s 24(b) for interst paid . & also to get deduction u/s 80C on principal repayment.
Also Let me know is there is any moneylending provision applicable (RBI's regulation)
Also Let me know is there is any moneylending provision applicable (RBI's regulation)
Guest
Guest
(Expert)
18 February 2011
Interest on borrowed funds for house can be allowed u/s 24 but repayment of such loan will not be eligible for Sec. 80C.
Message likes :
1 times
20 February 2011
can anyone tell about any moneylending provision if applicable (RBI's regulation)
Guest
Guest
(Expert)
20 February 2011
Please don't mix queries of different subject.
Message likes :
1 times
10 October 2021
No. No such provision applicable in this case.
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
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- TDS U/S. 194NF
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- ITC temporary reversal and reclaim
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Tds on building rent monthly
- Confusion around Form 26QB fields
- Adjustment entry in the case of Individual and HUF on 31st March
- Stock difference tax applicable on composite rate or normal rate
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- 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
