Ipcc income tax query

Tax queries 688 views 2 replies

 


If house prop. is completed in between the period, then expected rent will be taken for whole year or remaining months, And also what  will happen to municipal value???
 
2. And in 80C ded. Girish ahuja is saying that PPF paid for individual, spouse and children will be deductable and Ajay jain Notes is saying It will Be Deducted for individual and only His minor child..  What Is Right..??
 

 

Replies (2)

Without Undermining Ajay Jain Sir, Hon'ble Girish Ahuja Sir is Correct. Sec 80C covers HUF, Individual, Spouse and Children. No where it is mentioned that Children should be Minor or Major. Further there is also no limit on the No. of Children.

Rent & MV will be taken for the period the house ready to use, means when house is fully completed, not for the whole year.

 

 


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register