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?
Shrividhya (CA Final Student) (74 Points)
02 July 2018If 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?
Narinder Garg
(39 Points)
Replied 02 July 2018
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(172491 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
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
LIVE Form 10 B and Form 10BB: Handle Tax Audit Reports of Charitable Organizations(with recording)
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