income from house property
This query is : Resolved
07 April 2008
will it be heplful for the assessee to claim interest on house property without actually paying it ?
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.
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
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
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?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- 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
- TDS U/S. 194NF
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- Applicable TDS rate for sale of property in Nov 2024
- Import license renewal
- Should I report my US salary for January, February, March in Schedule FA?
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- 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
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
CAclubindia
