Section 54
This query is : Resolved
18 September 2012
IF THE HOUSE (B)IS PURCHASED FOR RS. 65,00,000 WITH HOUSING LOAN OF RS. 25,00,000 WITH IN ONE YEAR BEFORE THE SALE OF ANOTHER HOUSE (A).
WHETHER 65,00,000 IS ELIGIBLE FOR SECTION 54 OR ONLY 40,00,000 IS ELIGIBLE (COST LESS BANK LOAN)
WHETHER 65,00,000 IS ELIGIBLE FOR SECTION 54 OR ONLY 40,00,000 IS ELIGIBLE (COST LESS BANK LOAN)
18 September 2012
6500000 will be allowed for the purpose of sec 54.
Assessee needn't adjust the bank loan for consdering the investment in a house property u/s 54
Assessee needn't adjust the bank loan for consdering the investment in a house property u/s 54
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
- Inventory of finished goods
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- RCM INVOICING FROM NOV-2024
- GST Regis.
- Disallowance of Section 43B(h) to sez units
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Tds on building rent monthly
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Confusion around Form 26QB fields
- 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
