House property
This query is : Resolved
07 July 2016
Respected experts,
i have taken benefit of sec 80C and 24b for house loan.
i just want to ask that while drafting balance sheet of an individual should I show house property in assets side( for which I have taken 80C & 24b).
Is it mandatory to show to have the benefit for the said sections.
hoping for the early reply.
Thanks & Regards
Dhiraj Gupta
i have taken benefit of sec 80C and 24b for house loan.
i just want to ask that while drafting balance sheet of an individual should I show house property in assets side( for which I have taken 80C & 24b).
Is it mandatory to show to have the benefit for the said sections.
hoping for the early reply.
Thanks & Regards
Dhiraj Gupta
07 July 2016
yes, show the house property for which you have availed the benefits of 80C and 24b, on ASSET side.
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