Treatment of Interest on Home Loan- If home sold
This query is : Resolved
17 January 2009
Dear All,
An Employee has claimed till date Interest on home loan and repayment of Home loan. Now in December ,he sold this home. Now what treatment , we have to do.
Now he submitted Rent Slip on December onwards for HRA Exemption.
Please suggest what treatment we have to do.
CA. B.K.BANSAL
An Employee has claimed till date Interest on home loan and repayment of Home loan. Now in December ,he sold this home. Now what treatment , we have to do.
Now he submitted Rent Slip on December onwards for HRA Exemption.
Please suggest what treatment we have to do.
CA. B.K.BANSAL
17 January 2009
House Loan:
Employer has take into consideration principal repayment (Sec 80C) and interest on house loan (getting into computation of loss from house property u/s 24) upto Dec, if requested to do so by Employee
HRA:
Employer has to take into consideration Rent receipt for working out taxable portion of HRA from Jan to Mar (All figures for three months only)
Employer has take into consideration principal repayment (Sec 80C) and interest on house loan (getting into computation of loss from house property u/s 24) upto Dec, if requested to do so by Employee
HRA:
Employer has to take into consideration Rent receipt for working out taxable portion of HRA from Jan to Mar (All figures for three months only)
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
- Disallowance of Section 43B(h) to sez units
- Sale of property furniture sale
- RCM INVOICING FROM NOV-2024
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Confusion around Form 26QB fields
- GST Regis.
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Tds on building rent monthly
- As per schedule III of balance sheet how to pass journal entry
- Is correct way to find out capital of individual on 31st March
- Individual capital equal to which assets of balance sheet
- 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?
Trending Online Classes
CAclubindia
