Tds on salary
This query is : Resolved
30 March 2014
I am an accountant of a Pvt, Ltd. Co.
Shall I have to consider repayment of principal and interest of home loan by an employee, while calculating TDS on his salary?
Shall I have to consider repayment of principal and interest of home loan by an employee, while calculating TDS on his salary?
30 March 2014
Yes. you have to consider if employee providing the certificate from bank.
Principal amount under section.80C maximum of Rs. 1 lakhs
Interest amount Rs.1.50 lakhs maximum if the house is self occupied & actual interest if the house is let out
Principal amount under section.80C maximum of Rs. 1 lakhs
Interest amount Rs.1.50 lakhs maximum if the house is self occupied & actual interest if the house is let out
Message likes :
1 times
30 March 2014
Can I consider the interest amount in Chapter VIA
02 April 2014
No you can not consider the Housing Loan Interest Amount in VIA, rather you have to show it as House property loss. for which the limit is Rs. 1.5 lacs additional to the VIA deduction.
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
- Query Regarding on TDS section 194H and 194J
- NR GST NUMBER
- Fixed Deposit Claim Relinquishment by the Nominee
- Applicability
- ITR 6 Schedule CFL and UD Issues
- Legal heir raised refund , but refund issued to the closed account of deceased.
- Gst Sales of FY 2023-24
- GSTR-3B - Do I file nil when there is no sale but I've bought raw materials
- GST Form ADT-02
- TDS RATE ON RENT PAID TO NRI
- Form - 26BQ
- Companies Act FA Excel
- PAYMENT TO OPEN AI AND ENVATO ELEMENT
- 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
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
