Hi,
Under which section should I claim the interest paid on NRE HDFC home loan for , for principal paid is Section 80 right?
Sethuraman
4 Replies
CA. Anuj Gupta
(Practices in NRI Int.Tax FEMA TP FDI/FIPB & FCRA)
(7024 Points)
Replied 18 July 2011
Interest paid is covered under sec. 24 whereas the principal portion is covered under sec. 80C.
Anuj
+91-9810106211
N.Anuradha
(Chartered Accountant)
(31 Points)
Replied 18 July 2011
Dear Sir,
Please clarify if the NRI can carry forward the Loss on House Property(interest u/s 24) after deduction of Rental income by filing IT Returns regularly and claim/set off against his Indian income if he returns back to India.
N.Anuradha
(Chartered Accountant)
(31 Points)
Replied 18 July 2011
Dear Sir,
Section 71B clarifies carry forward of loss from house Property.Thanks
Anuradha
Recent Topics
- Expire stock
- INCOME TAX AY 25-26
- Experienced CA firm for accounting & auditing
- Regarding Perquisite Tax on ESOP - Unlisted Compan
- Casual Taxable Person under GST
- Extended Date of GSTR-1 for the month of July 2020
- NRO Interest - Taxed at source and in Foreign Coun
- Clarity needed on effective date
- Income Tax Refund Deadline Shortened to Five Years
- Rectification Applications for Past GST Demands
Related Threads
CAclubindia
