assessse purchased house on loan from bank and claimed exemption of Rs.50 lakhs u/s 54 in return of income
now assessee claimed deduction u/s 80C towards principal amount of home loan repaid.
in the above case there is double deduction.. at first u/s 54 and again u/s 80C..
is the above double deduction justified..??
Menu
80C for purchase of house
Replies (1)
As per my view.,
Both sec are different nature, no more links for the above way. Assessee can avail the benefit.
Both sec are different nature, no more links for the above way. Assessee can avail the benefit.
Recent Threads
- Income tax intimation -AY 24-25
- Tax Implications of Alumni Union (R) under Society
- Heard & Seen Around – Your Daily Economi
- Purchase and sales of Shares entry in Tally
- Where to know latest GST HSN Codes and their Rates
- Hsn code and rate cnsl crude oil
- Clarification required on taxation of income from
- Pension Income up to Rs.1,66,250 per month equal t
- Reappointment of Managing Director in a private li
- VAT deducted by Saudi company
Related Threads
CAclubindia
