03 September 2011
SIR, I PURCHASED A PROPERTY IN THE F.Y. 2007-08 AND SOLD IT IN THE F.Y. 2010-11 , IT'S PROFIT IS SHORT TERM OR LONG TERM , IF IT IS SHORT TERM , CAN I INVEST IT AGAIN IN A NEW PROPERTY.
03 September 2011
in the case of borrowed loan from any bank and claimed every year deduction of 80c loan principle and also claim interest on housing loan , and sold the property after four year, in that case what will be there regarding deductions.
03 September 2011
if property is sold after four year, then deduction which u have claimed, shall not be added in the your income in the year in which such assets sold
03 September 2011
IF I HAVE MY OWN HOUSE BUT THAT IS ON RENT , IN THAT CASE CAN I CLAIM HOUSE RENT ALLOWANCE IF YES THEN HOW MUCH , SIR PLEASE CLEAR MORE.
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