deduction u/s 24
This query is : Resolved
14 July 2011
sir,
Asstt. year 2011-12
the house property was purchased on may 2010 with borrowed capital and was let out for months i.e.june, july, aug. and sep.2010. For the rest of period house was self occupied. The intt. paid on borrowed capital was 185568.00. What shall be my deduction u/s section 24 in this case. and what shall be my house property income
Asstt. year 2011-12
the house property was purchased on may 2010 with borrowed capital and was let out for months i.e.june, july, aug. and sep.2010. For the rest of period house was self occupied. The intt. paid on borrowed capital was 185568.00. What shall be my deduction u/s section 24 in this case. and what shall be my house property income
14 July 2011
the house property will be considered as a Let out Property only, Interest will be allowed fully,
15 July 2011
You can calim interest based on letout and selfoccupied basis.
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?
- TDS U/S. 194NF
- ITC temporary reversal and reclaim
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- Applicable TDS rate for sale of property in Nov 2024
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- MIS MATCH OF INVOICE NUMBER
- 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
Trending Online Classes
CAclubindia
