Deduction
This query is : Resolved
23 July 2012
A salaried person had taken loan on his FD.
He used this loan for construction of house.
Whether the person is eligible for the deduction of the interest on loan???
The person has let out this house..
He used this loan for construction of house.
Whether the person is eligible for the deduction of the interest on loan???
The person has let out this house..
23 July 2012
Yes,
Deduction of Interest on Loan taken will be eligible u/s 24b of Income tax act. There is no limit to claim it in case of let out property.
Is it personal loan? or Loan for House property??
Deduction of Interest on Loan taken will be eligible u/s 24b of Income tax act. There is no limit to claim it in case of let out property.
Is it personal loan? or Loan for House property??
23 July 2012
Reply me for both options..
And is there any decided case for the issue..
if yes,then please specify..
And is there any decided case for the issue..
if yes,then please specify..
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?
- REGARDING GST ON COMMERICIAL PROPERTY
- 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
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- TDS U/S. 194NF
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- Applicable TDS rate for sale of property in Nov 2024
- Capital gain consideration
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- 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
Trending Online Classes
CAclubindia
