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Home loan

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Querist : Anonymous

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Querist : Anonymous (Querist)
09 December 2013 if house loan is taken from bank so it has to show in IT return or not
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CA PARAS BAFNA

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CA PARAS BAFNA (Expert)
09 December 2013 It is benificial and also required to be shown in the IT return.
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In case no balance sheet is filed, interest and principal repayment are eligible for deduction under the prescribed limits.
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