If an individual gets housing loan to construct a house and once the construction is over he sold the house and repaid the housing loan. Here in this case, whether the interest paid on housing loan can be deductable in IT?
3 Replies
Narinder Garg
(39 Points)
Replied 02 July 2018
less interest on HBA show in form 16
where is show
B2. TYPE OF HOSUE PROPERTY
(v). Interest payable on borrowed capital
OR
EXEMPT INCOME (FOR REPORTING PURPOSE)
iv. ANY OTHER??
where is show
B2. TYPE OF HOSUE PROPERTY
(v). Interest payable on borrowed capital
OR
EXEMPT INCOME (FOR REPORTING PURPOSE)
iv. ANY OTHER??
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(183108 Points)
Replied 02 July 2018
interest on HBA show in form 16
is shown at B2. TYPE OF HOSUE PROPERTY
(v). Interest payable on borrowed capital
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