Deduction for 80c & 24b

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

27 September 2013 The principal payment & interest payment has been taken as deduction for house property for under construction property whose agreement has been made . These Deductions are not allowed and cannot be claimed .
Q. how can one rectify this mistake, the returns have been uploaded??
Pl give your expert opinion asap

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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27 September 2013 you can revise the return with paying actual tax

Querist : Anonymous

Querist : Anonymous (Querist)

04 October 2013 thanks for your opinion sir
other then that are there any options available without revising the return (like any section where in such deduction is available or any other way out

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CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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04 October 2013 since the deduction is not allowable in any section. only revising the return with payment of different tax only the option

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
Follow

04 October 2013 since the deduction is not allowable in any section. only revising the return with payment of different tax only the option