Easy Office
Easy Office

income from house property

This query is : Resolved 
Profile Image

Profile Image

(Querist)
07 April 2008 will it be heplful for the assessee to claim interest on house property without actually paying it ?
Profile Image

Late CA Sampat Jain

Profile Image

Late CA Sampat Jain (Expert)
07 April 2008 Interest accrued on amount borrowed and invested in house property is to be considered for deduction . Payment may be at a later date.
Profile Image

R.V.RAO

Profile Image

R.V.RAO (Expert)
07 April 2008 WHY NOT? IT IS ALLOWED.
LOSS ON HOUSE PROPERTY ARRIVED AFTER DEDUCTING INT. ON HOME LOAN( AND OTHER APPLICABLE DEDUCTIONS) FROM ALL LENDERS ( BANKS/OTHERS), WILL HELP REDUCE ONE'S TAXABLE INCOME AND TAX LIABILITY.
R.V.RAO
Upgrade to CAclubindia Pro. Subscribe Now!


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro

Trending Online Classes

view all classess


Answer Query



Quick Links