Tax on down payment of purchase of new premises
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 February 2013
Dear expert,
Hi I am confuse about tax on downpayment of new premises, I have paid some amount as tokan money for booking of flat to builder can I get examption in income tax return please tell me under which section I can claim such amount??? Also the amount which I have paid to builder as a tokan money is shown in written agreement.
Hi I am confuse about tax on downpayment of new premises, I have paid some amount as tokan money for booking of flat to builder can I get examption in income tax return please tell me under which section I can claim such amount??? Also the amount which I have paid to builder as a tokan money is shown in written agreement.
24 February 2013
You have been confused by some wrong information. There is no tax concession in respect of down payment to the builder.
.
.
25 February 2013
no exemption for that. if it is on loan then you can get benefit on repayment of loan. but no exemption on this
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?
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- TDS U/S. 194NF
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- Applicable TDS rate for sale of property in Nov 2024
- Donation Receipt u/s 80G
- 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
- 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
Trending Online Classes
CAclubindia
