Interest on borrowed capital
This query is : Resolved
31 October 2009
hi!
If a property is partly let-out and partly s/o OR part of the year self occupied and part of the year let out, whether the ceiling limit of 30000 or 150000 will apply u/s 24(b)
if yes, how?
If a property is partly let-out and partly s/o OR part of the year self occupied and part of the year let out, whether the ceiling limit of 30000 or 150000 will apply u/s 24(b)
if yes, how?
31 October 2009
Ceilling limit is applicable for self occupied house property,
so ur using part house as self occupied the limit is applicale to that portion only not for the let out house,
so ur using part house as self occupied the limit is applicale to that portion only not for the let out house,
31 October 2009
Supose u incurred interest Rs 400,000 for the complete house .
now the intt for the s/o will be 200,000 but allowed only rs. 150,000
for the letout u can claim COMPLETE Rs. 200,0000
now the intt for the s/o will be 200,000 but allowed only rs. 150,000
for the letout u can claim COMPLETE Rs. 200,0000
31 October 2009
THANKS A LOT
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?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- GST on export of services and Input Credit
- TDS U/S. 194NF
- ITC temporary reversal and reclaim
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- Applicable TDS rate for sale of property in Nov 2024
- Should I report my US salary for January, February, March in Schedule FA?
- Can a partnership firm become partner in a LLP ?
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- 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
- TDS on purchase of value vouchers for employees ?
- 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?
Trending Online Classes
CAclubindia
