Deduction for interest & principal taken on house loan
This query is : Resolved
26 July 2012
Mr. X has 3 houses & has taken 3 separate housing loans for each house in his own name.So.How can he claim deduction of principal repayment u/s80C & Of interest under the head HP.
28 July 2012
Two houses will be Treated as Deemed Let out and accordingly Income From House property will be calculated on that house after giving deduction of Interest on the Housing Loan
and one House will be treated as self occupied and the interest will be allowed as deduction but up to maximum of Rs.30000/- or Rs.150000/- whichever is applicable
Deduction of all principal repayments will be allowed up to maximum of Rs.100000/-
and one House will be treated as self occupied and the interest will be allowed as deduction but up to maximum of Rs.30000/- or Rs.150000/- whichever is applicable
Deduction of all principal repayments will be allowed up to maximum of Rs.100000/-
Message likes :
1 times
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.
- Should I include march foreign salary received in April in my income for FY 2023-24?
- Tax on capital gains revoked us 54f
- Inventory of finished goods
- HSN Details in IFF/GSTR-1 & in GSTR 9
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Sale of property furniture sale
- Filing of Form 10BB instead of Filing Form 10B
- 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
- 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?
- Query for dubts
Trending Online Classes
CAclubindia
