INCOME TAX
This query is : Resolved
04 March 2009
I AM DOING A JOB AS INCOME TAX OFFICER
I PREPARED ONE EMPLOYEE TAX COMPUTATION HE IS ASKING ME HE TAKEN A HOUSE LOAN AND HE PAYING INTEREST THAT INTEREST CAN I TREATED AS LOSS FROM HOUSE PROPERTY PLEASE GIVE ME SUGGESTION URGENT
I PREPARED ONE EMPLOYEE TAX COMPUTATION HE IS ASKING ME HE TAKEN A HOUSE LOAN AND HE PAYING INTEREST THAT INTEREST CAN I TREATED AS LOSS FROM HOUSE PROPERTY PLEASE GIVE ME SUGGESTION URGENT
04 March 2009
Yes Siva,
In a case Interest paid on Loan (taken for Purchase or construction of House Property) is more than Net Annual Value of Property Section-24(b), then Their will be loss from House Property.
provided in case of for Self Occupied House you have to consider the Maximum limit of 1,50,000 or 30,000 as the case may be.
In a case Interest paid on Loan (taken for Purchase or construction of House Property) is more than Net Annual Value of Property Section-24(b), then Their will be loss from House Property.
provided in case of for Self Occupied House you have to consider the Maximum limit of 1,50,000 or 30,000 as the case may be.
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
- Should I include march foreign salary received in April in my income for FY 2023-24?
- Tax on capital gains revoked us 54f
- HSN Details in IFF/GSTR-1 & in GSTR 9
- Inventory of finished goods
- Refund of AY 22-23
- Disallowance of Section 43B(h) to sez units
- Filing of Form 10BB instead of Filing Form 10B
- Applicability of Ind As to associate of associate
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Ineligible ITC claimed
- TDS Deduction Online Learing Platform
- Point (III) 9 of GSTR-9C
- As per our records, find the below outstanding demand(s)* and interest payable u/s 220(2):
- Regarding transaction th. credit card
- MIS MATCH OF INVOICE NUMBER
- 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
Trending Online Classes
CAclubindia
